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.
Subscribe
Notify of

4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
mqyl
1 month ago

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

Freddy
1 month 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
1 month 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
1 month ago

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

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Don’t forget the same lawmakers who are ‘defending’ Chicago’s selective enrollment schools also ended school choice – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE

4
0
Would love your thoughts, please comment.x
()
x