Dear Shareholders | 2023 Annual Shareholder Meeting | Rivian

"The last eighteen months for us have really been an exercise in investing in the future."
We held our 2023 Annual Shareholder Meeting today featuring a live Q&A with RJ Scaringe, Claire McDonough and Mike Callahan. Thanks to everyone who joined. Watch RJ's message here: rivn.co/dearsha...
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Rivian is on a mission to keep the world adventurous forever. We believe there is a more responsible way to explore the world and are determined to make the transition to sustainable transportation an exciting one. We designed our emissions-free Electric Adventure Vehicles to challenge what’s possible. We hope they inspire you to do the same.

[@freejakk]

RIVN shareholder and R1S owner. Fully behind what you guys are doing.

[@phatpinoy23]

Shareholder here. I can’t afford their vehicles.

[@o0bananaman0o]

yeah I wouldn't say you're an investor then, I would say you're more a philanthropist or charity. throwing away thousands of $$$ for this vapourware is the worst decision I've ever made

[@freejakk]

@@o0bananaman0o Fortune favors the bold. You win some, you lose some. Hopefully you'll recover those losses.

[@darrenphilip247]

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[@karinanurrindinova6289]

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

[@chloeanderson543]

@@karinanurrindinova6289 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.

[@farehtinyilmaz851]

@@chloeanderson543 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor

[@chloeanderson543]

@@farehtinyilmaz851 look up "trade with Ethan Grayson"

[@farehtinyilmaz851]

@@chloeanderson543 Thanks for this tip. His handle & website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.

[@guerojo]

At 43,000 miles driven in one year and one month in my R1T, I am definitely all in.

[@pebos1234567890]

Bro how

[@guerojo]

@@pebos1234567890 I drive around 200 miles a day not counting the trips I’ve taken in it. I use it for work.

[@awokiii7905]

let's go for a million miles just like that one tesla.

[@JDBBB]

I'm all in RIVN, let's go team!

[@alaricphilip305]

Really happy to see Rivian keep pushing the bar forward, hopefully im able to afford one of these cars someday😊

[@derkaderkamohamadallaackbarnut]

Good. And NACs was a goods move for the mission progression. Thank you for making the commitment to switch.

[@KLWTTS]

Let’s go!

[@MurseTech64]

Didn't even mention the switch to NACS. And the Rivian Adventure Network should be in the most extreme places.

[@jhines0042]

Thank you for staying the course -- loving my R1S every day

[@vasiliivanov9618]

Gj Rivian Team! Success and power to push the share price up!

[@jackthefunshack8618]

I am a new shareholder. I BELIEVE in Rivian! I am especially happy that Amazon not only buys your new vans, but has also invested in Rivian and wants Rivian to succeed! It seems that Amazon has no issue with dropping the exclusivity deal initially set up, because they specifically said they WANT other companies to buy these deliver vans because "its better for our community, and our world". I am also a van owner, we bought our Ram Promaster 2.5 years ago, I felt our choice was confirmed when I noted that Amazon Prime was using Ram Promaster for their delivery vehicles. Way back then I remember Amazon's statement that they planned to go completely electric (2030? 2040?) and I assumed they would add a hybrid option for the promasters as part of that plan. But then just this year I was visiting my son in Salt Lake City, and I saw a NEW Amazon Prime Van drive by, we immediately turned around to follow that van. I wanted to know WHO MAKES THAT!!! There are NO make or model info on those vans! I had to look it up online, it was of course Rivian. Yes, as an IPO stock it had the stuffings knocked out of it, have seen that so many times with IPO's I stay awway!!!! Until they find their bottom! I hope we found it now! I would be an interested consumer buyer of your van, just put some solar panels on that HUGE ROOF and I'd use that as my camper van. Right now we only have 400 watts on the roof of our camper van, but I use solar to keep the house battery topped up. I COOK with solar! Instant pot, induction cooktop, electric kettle for coffee, microwave/convection oven combo, blender, Dometic CFX fridge/freezer, etc. I got the cheapest panels I could find. If you put those high efficency panels on the huge roof of that van...... oh my gosh! Your implimentation would look so much better than mine 😂. Do it and I'll save up the money to buy one of your vans!

[@AverageEVGuy]

Outstanding shareholder meeting today. Keep up the great work and the look forward to what's next.

[@Rx100Vx]

Just Awesome . The new front profile undercover photo of R2 at 36 second mark was a smooth slide in . Cheers

[@EvanButler320]

god help me, i will work for this company in my lifetime. absolutely love you all and everything you stand for.

[@kennyboi4895]

It’s an amazing place to work! they practice what they preach

[@Kacey3]

I retire from my nearly 30 years of service to a public University in 4 years. I would be genuinely interested in steering the next phase of my life into the Rivian workspace.

[@isd605]

Proud shareholder! Looking foward to your Georgia plant and also expansion of your delivery van to other customers (UPS, DHL)????

[@mikeshinzo]

I am into you. And I am going to keep holding Rivian shares, dip buying on it! Until 2030 ❤

[@pharmatographist]

Shareholder and R1T owner. My BIL just got his R1S. I appreciate Rivian’s openness. You’ve acknowledged mistakes, communicated them as well as updates, and continue to progress. In five months, I think I’ve had 4 software updates and each time, it feels like a new vehicle. Rooting for our truly American, green auto manufacturer!

[@brianbong5803]

Almost 3 years and counting building and modifying the assembly line as an electrical contractor. Proud to be directly involved in making the plant work better, and looking to buy one for myself as well.

[@bhan7688]

Greetings from South Korea Hope we can purchase RIVIAN's SUV in the near future in Korea.

[@o0bananaman0o]

As a RIVN IPO holder, my advice to potential investors is to short this stock HARD! It is a high risk, low return stock if you want to take the gamble, not worth it in my opinion. If you're looking to investing in green mobility, this company is not it, large motors, large batteries, inefficient design. Aptera is worth looking in to.

[@Yagerbombs83]

Rivian shareholder, and hopefully someday, a rivian owner, couldn't be happier to be supporting a brand like this.

[@SeymourSundays]

When are you guys coming to Australia?

[@esquiredan2702]

Love my Tesla, but hate the company (and the CEO). RJ and Rivian are the up-and-comers we are most excited for. My wife couldn’t care less about cars. She’s brimming with excitement for our R1T

[@CajunGreenMan]

After tearing down a Rivian, Sandy Munro wondered how you were staying in business because you are not charging what your vehicle costs. Your response please? Keep up the great work!

[@connernickerson5509]

They are literally building a brand new company from scratch, this takes a long time to iterate and innovate their way towards profitability

[@klatoo14]

Look at Ford and how they too make ZERO money on Lightening and Mach-E sales. They are supported by other products. One day Rivian will be this way as well.

[@patreekotime4578]

He also highlighted dozens upon dozens of places they could save cost and weight in the future. I somewhat doubt trucks rolling off the line today are identical to what Munro tore down. Im sure Tesla isnt the ONLY company that improves as they go.

[@cjjin7795]

At just three weeks of driving the greatest R1S SUV and as a shareholder I too am committed to the success of Rivian.

[@TheOnlyName]

It's been amazing seeing more and more Rivian vans recently in person, I love being able to look on the side and see *Powered By Rivian* :D

[@stevesteranka]

I put my R1S order in! 🤗

[@leebacon3432]

I'm 10 toes in, with R.J. and Rivi Fam!

[@JJayJ]

Can you please shape your headlights into a diamond? They would match the Rivian badge and look awesome.

[@jackthefunshack8618]

Oh, and to add to my earlier comment, just make the solar an option. Here in the US southwest it makes total sense to use solar, but I recognize in other parts of the US or world it might not be such a great option. Those that will use it should be the ones to pay for that option/feature

[@jyjyjy1986]

RIVN FOREVER 😊❤

[@BrewersArcade]

Early investor. Can’t afford one yet. I have faith in you

[@jake78441]

Rivian for life ❤❤❤

[@BrainExploder]

Letssss Go

[@israelchristian838]

Shareholder for life. This company is the way of the future. Net zero footprint by 2030, new GA plant under construction, awesome mission, and cannot find an employee or vehicle owner say 1 bad thing about them or their products. I hope to add enough shares to own one someday. I have to settle for the matchbox diecast for now.

[@dennistomboc8995]

Can we please have a RAN or two in San Diego county please. I just got my R1T and it was everything I expected and a tad bit more!!!

[@darrenchin8492]

Love what your doing RJ. Man of Rivian and next best entrepreneur in the world 2025

[@dropbagit]

Where's the camper shell?

[@wallymaingear]

I love this brand and what it stands for. Can't wait to receive my R1S!

[@jedi4049]

Lets go Rivian

[@SunilSomarajan]

R1S owner here. Rivian has a fantastic product. All the best

[@Portesani51]

Let's goooo

[@carperdiem8754]

Here I am again spamming you to add El Paso to your service center list

[@fmonk]

F O R E V E R

[@brendalizdelgado9103]

I’m so happy and so proud to be part of the awesomeness company and be part of the team .

[@eduardoguzman1376]

I ❤ PEOPLE MAKE POSIBLE RIVIAN I LOVE THIS TRUCKN

[@allenpotts8809]

Go Rivian!!

[@Rockfair.]

Go hard Rivian we love you!

[@nunomendes942]

🇵🇹☘️✌️

[@pandahandz6437]

Let’s go!

[@4bladesdigital]

Woohoo!!

[@Eric-xp1kl]

The Georgia plant site is still a dirt field. Rivian has literally just been clearing and moving dirt for over 1 year now. So will R2 rollout in 2027 or 2028? Please hire the company that built Tesla's Austin plant. They would have had a plant built in GA already.

[@SeanPaintsFlames]

Isn't there still a legal battle going on over the GA plant with some locals?

[@darrenchin8492]

I don’t see any news and progress of the plant. I guess still clearing the land 😂

[@jedi4049]

it will be built

[@steadymobbin.]

Tesla

[@mindlessmrawesome]

no