Rivian announces 2024 Investor Day schedule

 Rivian set its 2024 Investor Day for June 27, 2024, at 8 AM CDT. The company’s webcast link will be posted closer to the event. 

Rivian has changed several plans since the last Investor Day, so it will be interesting to see how this year’s general meeting pans out. 

The electric vehicle manufacturer released its production and delivery report in April 2024. By the end of March 31, 2024, Rivian produced 13,980 vehicles at its manufacturing facility in Normal, Illinois, and delivered approximately 13,588 electric vehicles (EVs). 

On May 7, 2024, Rivian released its first-quarter financial results. In Q1 2024, Rivian’s gross profit per vehicle delivered was $38,784. The company reported that its gross profit per vehicle delivered was negatively impacted by $9,346 due to supplier costs and other costs related to new technology and parts integration in the R1 platform. 

Rivian conducted a retooling upgrade at its Normal, Illinois Plant in the first quarter and expects significant improvements in material and conversion costs for its R1 vehicles. Rivian will likely implement the lessons it learned from R1T and R1S production in its R2, R3, and R3X assembly lines

“First-quarter results exceeded our outlook and set a strong foundation for the remainder of the year as we focus on continued demand generation, delivering cost and plant efficiency improvements, advancing R2 development, and driving towards profitability. 

"We hit several milestones this quarter, including producing our 100,000th vehicle in Normal, successfully navigating the retooling upgrade, and unveiling our new midsize platform, which underpins the R2, R3, and R3X. It is great to see the incredible support for our brand and upcoming products,” said Rivian Founder and CEO RJ Scaringe.

Earlier this month, Rivian received a $827 million incentive package from the state of Illinois to improve its Normal EV production facility. The improvements to Rivian’s Normal EV Plant would likely help the company expand its assembly lines for R2 production. Rivian plans to start R2 production in Normal, Illinois, and manufacture the affordable EV in Georgia, too.

Check out some of our cool Rivian accessories for your R1T and R1S!

Want to make your Rivian R1S look even cooler? The Rivian R1S Chrome Delete DIY Kit is a simple project that lets you ditch the chrome trim and achieve a sleek, modern look. It covers the chrome above the doors, behind the windows, and above the windshield, transforming your R1S with a clean, cohesive aesthetic. And the best part? You can easily install it yourself – no professional needed!

Need a license plate holder that goes on in a flash? We hear you! The Rivian R1T / R1S Front License Plate Holder "Quick Bandit" is the answer. This bad boy uses a special latching system so you can take it on and off in seconds – seriously, it's that fast! Perfect if you want to keep your Rivian looking sleek when you're out cruising.

Keeping your Rivian R1S sparkling clean just got easier! These All-Weather Floor Mats by 3D MAXPider are the real deal. They're made with a super durable material that looks great and protects your floors from all kinds of messes, rain or shine. The special grippy bottoms mean no slipping or sliding either.

Same goes for the Rivian R1T All-Weather Floor Mats by 3D MAXPider! They'll keep your truck looking sharp and protected no matter what you throw at it. 

Want a cooler cabin? For those hot sunny days, the Rivian R1S Glass Roof Sunshade is a must-have. This custom-designed shade keeps the interior cool and protected from harmful UV rays. It's quick and easy to install and remove, with a handy storage bag for convenience. Plus, the included clips ensure a secure fit, so you can enjoy the ride without a worry.