Is Rivian Stock Still a Buy Now if Production Slows in 2024?
While production might slow slightly during production line adjustments for the new batteries, it shouldn't be nearly as drastic as the production speed bump seen in late 2022 and early 2023. Further, these new battery options will increase the number of price points for consumers, improve operations and production simplicity, and reduce costs.
In other words, the addition of the standard pack, max pack, and the new "simplified" battery when it launches will all be worth the slight production hiccups in 2024, and should set the company up for a strong finish in production and deliveries next year. Now, to be fair, if production slows due to a lack of demand, that will be reason for investors to become concerned -- but for now, that isn't an issue.
In other words, the addition of the standard pack, max pack, and the new "simplified" battery when it launches will all be worth the slight production hiccups in 2024, and should set the company up for a strong finish in production and deliveries next year. Now, to be fair, if production slows due to a lack of demand, that will be reason for investors to become concerned -- but for now, that isn't an issue.
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