First-quarter results exceeded our outlook, focusing on demand generation, cost efficiency, R2 development, and profitability - Rivian CEO RJ Scaringe.
Rivian achieved milestones, produced 100,000 vehicles, unveiled the new midsize platform, and emphasized support for upcoming products.
Rivian expects modest gross profit by Q4, with production guidance of 57,000 vehicles. R1S was the best-selling EV over $70,000 in the U.S. in Q1.
Company anticipates material cost improvements and highlighted a 5.1% market share in Q1, based on data from J.D. Power and Car Edge.
[
add
]
[
|
|
...
]