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Hi everybody and welcome back to
the Elon Musk podcast. 

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I'm your host will Walden. 
And on today's episode, we'll be

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talking some about rivi and the 
competitor to Elon musk's Tesla 

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auto rhydian Innovative 
automaker in the room rate is 

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Making Waves in the EV industry 
as it accelerates its 

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successful. 
First quarter of 2012, T3 and 

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after a stellar production ramp 
the company. 

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Now, faces an array of 
challenges from its second 

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generation, are to vehicle to 
profitability. 

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And the ongoing are one truck 
ramp rivi and CFO Claire Rua. 

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McDonough recently, shared 
exciting updates at the Bank of 

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America, security Summit 
covering these topics and more, 

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and notice how these coincide 
with things that Tesla is doing.

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Now, the news first broke on 
Twitter Curtis, Vivian updates 

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and a comprehensive thread 
summarizing. 

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The numerous announcements. 
The main highlights included 

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updates on our one production, 
the van production ramp R2 and a

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few other noteworthy 
developments, now R1 production,

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it's the fast track to 
profitability. 

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What are the most significant 
announcements for the summit 

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concerned Vivian's Flagship 
truck? 

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The R-1 lineup company is on 
track to achieve profitability 

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by the second half of of 2024 
driven primarily by R1 and Van 

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deliveries through the total 
number of backlog orders. 

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It wasn't really disclose 
McDonough revealed that all pre 

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March price, increase orders are
expected to be completed by mid 

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20, 23 with a backlog, extending
well into 2024 for orders. 

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Placed after the price increase,
at an interesting trend has 

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emerged, among Ravines new 
customers Rising average price. 

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For its trucks. 
This suggests that more premium 

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buyers are gravitating towards 
the automaker and are willing to

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splurge additional add-ons. 
Despite this revision has no 

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plans to increase the base price
of it's our one Vehicles. 

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Now, looking ahead, they 
revealed that the company aims 

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to produce eighty five thousand 
Vehicles by 2026. 

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A figure that has been kept 
Under Wraps until now the art to

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its kind of their new thing and 
as the rivi and our one vehicle 

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continues to gain traction, 
anticipation for the company's 

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next generation are two trucks 
is been steadily building 

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throughout the industry, rivi, 
and CEO RJ square inch has 

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hinted at a more affordable 
model, but other details have 

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been scarce investors were 
intrigued by mcdonough's bold 

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estimate of our to production 
slated, to begin between Auntie 

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25 in 2026 and rivi and aims to 
produce 200,000 are two trucks 

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in 2026 with the goal to double 
that figure in the future and 

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there's no time frame for this 
target at this point. 

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Now rivi and remains 
tight-lipped about the new 

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trucks Market position and 
McDonough mentioned that it aims

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to compete with luxury volume 
sellers like the Tesla Model. 

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Why this has led to speculation 
that the truck could start at 

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around forty thousand dollars, 
u.s. 

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Additionally, the R2 is expected
to be a global vehicle available

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in multiple markets. 
Currently constrained by Supply 

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Raven is predominantly in North 
American brand but Europe is 

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likely to be their next Target. 
Now they're going to be doing 

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some new things to. 
There is an electric delivery 

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van Full Speed Ahead for this 
van, despite Amazon's recent 

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announcement to reduce its van 
purchases. 

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He this Year rivi and remains 
committed to the production ramp

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of its electric delivery van the
E DV which has been making a 

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splash All Over America and the 
company's CFO highlighted that 

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the edv takes Enduro motor 
priority over the dual motor R1 

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Vehicles. 
Then also receive two 

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significant production of grades
and quarter. 

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One the integration of a new 
motor and Ravines new lfp 

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battery pack. 
Now there's infrastructure 

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involved with Vivian as well. 
Now it's called The Adventure 

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Network. 
In addition to updates in these 

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new vehicles Arabian also 
revealed plans for its Adventure

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Network, charging 
infrastructure, the automaker 

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will join the federal charging 
Fund in the United States to 

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accelerate development. 
Making it eligible for federal 

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incentives to expand its 
charging Network. 

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However, this move will require 
revision to open its Network to 

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other V's. 
Despite this, the potential 

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benefits are hard to ignore with
the federal government willing 

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to cover up to 80% of 
installation. 

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Costs. 
Many of you Ravines decision is 

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a wise one and ribbon has a 
bright future. 

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They still have to compete with 
Tesla and that's going to be 

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hard. 
But these new announcements 

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indicate that Ravine is on the 
right track for continued growth

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and success in the EV Market as 
the company pushes forward with 

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our one production. 
They Set ambitious goals for the

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are two in the expand. 
The charging infrastructure. 

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It's clear that Ravine is not 
only meeting challenges head-on 

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but also setting the pace for 
innovation in the industry fans 

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and investors alike, can't help 
but be enthralled with what's 

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going on over a trivia on the 
progress of the company, they're

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eagerly awaiting for the 
developments as rivi and 

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continues to make a mark on the 
EV landscape and with a bright 

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future on the horizon, Ravine is
Is to become a formidable 

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contender in the global market 
against Tesla and they'll create

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ripples of change that will be 
felt across the automotive 

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World, a recent events and 
announcements from avian at the 

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Bank of America. 
Security Summit have generated 

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considerable excitement, and 
interest from both investors and

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fans of Rivia, I want to know 
how you feel about this. 

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If you have a way to comment on 
your platform, please take a 

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second and leave a comment about
what do you think about 

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revision? 
and from the updates on the R-1 

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production and profitability to 
the unveiling of ambitious 

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production goals for the new, AR
2 model and even the expansion 

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of its charging infrastructure 
Vivian's demonstrating, its 

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commitment to Innovation and 
growth in the EV industry and as

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a company gears up to tackle, 
the challenges lie ahead in the 

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next few years, the world 
watches and we hope that they 

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can become a Challenger for 
Tesla because with more 

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competition It breeds better 
Innovation for both companies 

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and all EV makers around the 
world. 

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I want to say thank you so much 
for listening today. 

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If you're a fan of Elon Musk, 
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So thank you so much for 

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listening today. 
And if you could take a second, 

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Hit the Subscribe button or the 
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Thanks again. 
I'll see you next time. 

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Take care of yourselves at each 
other.