Hi everybody and welcome back to the Elon Musk podcast. I'm your host will Walden. And on today's episode, we'll be talking some about rivi and the competitor to Elon musk's Tesla auto rhydian Innovative automaker in the room rate is Making Waves in the EV industry as it accelerates its successful. First quarter of 2012, T3 and after a stellar production ramp the company. Now, faces an array of challenges from its second generation, are to vehicle to profitability.
And the ongoing are one truck ramp rivi and CFO Claire Rua. McDonough recently, shared exciting updates at the Bank of America, security Summit covering these topics and more, and notice how these coincide with things that Tesla is doing. Now, the news first broke on Twitter Curtis, Vivian updates and a comprehensive thread summarizing.
The numerous announcements. The main highlights included updates on our one production, the van production ramp R2 and a few other noteworthy developments, now R1 production, it's the fast track to profitability. What are the most significant announcements for the summit concerned Vivian's Flagship truck? The R-1 lineup company is on track to achieve profitability by the second half of of 2024 driven primarily by R1 and Van deliveries through the total number of backlog orders.
It wasn't really disclose McDonough revealed that all pre March price, increase orders are expected to be completed by mid 20, 23 with a backlog, extending well into 2024 for orders. Placed after the price increase, at an interesting trend has emerged, among Ravines new customers Rising average price. For its trucks. This suggests that more premium buyers are gravitating towards the automaker and are willing to
splurge additional add-ons. Despite this revision has no plans to increase the base price of it's our one Vehicles. Now, looking ahead, they revealed that the company aims to produce eighty five thousand Vehicles by 2026.
A figure that has been kept Under Wraps until now the art to its kind of their new thing and as the rivi and our one vehicle continues to gain traction, anticipation for the company's next generation are two trucks is been steadily building throughout the industry, rivi, and CEO RJ square inch has hinted at a more affordable model, but other details have been scarce investors were intrigued by mcdonough's bold estimate of our to production slated, to begin between Auntie
25 in 2026 and rivi and aims to produce 200,000 are two trucks in 2026 with the goal to double that figure in the future and there's no time frame for this target at this point. Now rivi and remains tight-lipped about the new trucks Market position and McDonough mentioned that it aims to compete with luxury volume sellers like the Tesla Model. Why this has led to speculation that the truck could start at around forty thousand dollars, u.s.
Additionally, the R2 is expected to be a global vehicle available in multiple markets. Currently constrained by Supply Raven is predominantly in North American brand but Europe is likely to be their next Target. Now they're going to be doing some new things to. There is an electric delivery van Full Speed Ahead for this van, despite Amazon's recent announcement to reduce its van purchases.
He this Year rivi and remains committed to the production ramp of its electric delivery van the E DV which has been making a splash All Over America and the company's CFO highlighted that the edv takes Enduro motor priority over the dual motor R1 Vehicles. Then also receive two significant production of grades and quarter. One the integration of a new motor and Ravines new lfp battery pack. Now there's infrastructure
involved with Vivian as well. Now it's called The Adventure Network. In addition to updates in these new vehicles Arabian also revealed plans for its Adventure Network, charging infrastructure, the automaker will join the federal charging Fund in the United States to accelerate development. Making it eligible for federal incentives to expand its charging Network. However, this move will require revision to open its Network to
other V's. Despite this, the potential benefits are hard to ignore with the federal government willing to cover up to 80% of installation. Costs. Many of you Ravines decision is a wise one and ribbon has a bright future. They still have to compete with Tesla and that's going to be hard. But these new announcements indicate that Ravine is on the right track for continued growth and success in the EV Market as the company pushes forward with
our one production. They Set ambitious goals for the are two in the expand. The charging infrastructure.
It's clear that Ravine is not only meeting challenges head-on but also setting the pace for innovation in the industry fans and investors alike, can't help but be enthralled with what's going on over a trivia on the progress of the company, they're eagerly awaiting for the developments as rivi and continues to make a mark on the EV landscape and with a bright future on the horizon, Ravine is Is to become a formidable contender in the global market against Tesla and they'll create
ripples of change that will be felt across the automotive World, a recent events and announcements from avian at the Bank of America. Security Summit have generated considerable excitement, and interest from both investors and fans of Rivia, I want to know how you feel about this. If you have a way to comment on your platform, please take a second and leave a comment about what do you think about
revision? and from the updates on the R-1 production and profitability to the unveiling of ambitious production goals for the new, AR 2 model and even the expansion of its charging infrastructure Vivian's demonstrating, its commitment to Innovation and growth in the EV industry and as a company gears up to tackle, the challenges lie ahead in the next few years, the world watches and we hope that they can become a Challenger for Tesla because with more
competition It breeds better Innovation for both companies and all EV makers around the world. I want to say thank you so much for listening today. If you're a fan of Elon Musk, make sure to check out Starship shirts.com, it's our sponsor for the show, and you can get Elon Musk inspired merch over there. Take a look at the shirts. Take a look at the ceramic mugs, all sorts of fun stuff over there. So thank you so much for
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