Rivian aims to cut material costs by 45% with the introduction of its Gen 2 platform by 2026, indicating a strong focus on efficiency to boost profitability.
The partnership with Volkswagen, worth $5 billion, signifies a crucial shift from hardware to software, raising important questions about governance in VW's struggling software division.
With increased production capacity and strategic cost reductions, Rivian targets profitability by 2027, showcasing confidence in the future despite current stock challenges.
Rivian's stock is down 82.99% from its IPO, reflecting the changing investor sentiment and challenges faced in a post-COVID investing landscape.
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