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Rivian CEO Dismisses Cash Burn Critics: ‘We’re in the Misunderstood Phase’
Summary by ELECTRIC VEHICLES
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Rivian CEO Dismisses Cash Burn Critics: ‘We’re in the Misunderstood Phase’
Rivian founder and CEO RJ Scaringe pushed back against critics who question whether the company can reach profitability before running out of cash, saying the EV maker has “a pretty clear line of sight” to turning the corner financially. Speaking after the company’s Autonomy Day event Thursday, Scaringe addressed the critical narrative that Rivian will run out of money before scaling its R2 vehicle and reaching profitability. “I think one of the…
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