While the investor finds some comfort in the company's high liquidity position, further production delays remain a cause for concern. This includes Rivian's Georgia production facility, backed by a $6.6 billion loan from the U.S. Department of Energy. Although the plant is slated to produce 400,000 vehicles annually at full capacity, the company has already announced delays, and Jones does not expect it to be fully operational until mid- to late-2029.