EV maker Rivian faces turning point with debut of cheaper R2 – Reuters

Rivian spokesperson Marina Hoffman said the company has a “clear line of sight to profitability,” citing efforts to cut costs and increase efficiency at its Illinois production plant. The company has reduced the number of shifts to build the same number of vehicles and is re-negotiating supplier contracts.
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mqyl
2 months ago

$50K for a new car – They’re giving it away!

Freddy
2 months ago

Here’s some updated news on the Rivian plant in Georgia.
https://www.axios.com/local/atlanta/2024/03/07/rivian-pauses-georgia-factory

Freddy
2 months ago

I will wait until the model after the R2 comes out. It is the R2-D2 model. Not only will it have plans for the Death Star it will have a nice hologram of Princess Leia.
Help us Obi Wan you’re our only hope.

Ex Illini
2 months ago

So the spokesperson says they know what they’re doing. Shocking! Wall Street disagrees.

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