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Tuesday, February 27, 2024
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Rivian CEO RJ Scaringe Thinks R2 Will Disrupt Tesla's Hold On $45K-$50K EV Market: 'Incredible Carrot For Suppliers'

Rivian Automotive, Inc. (NASDAQ:RIVN) delivered a robust third-quarter performance, surpassing Wall Street expectations, and raised its production outlook for the year. One of the highlights of the earnings call was the discussion surrounding the much-anticipated R2 electric vehicle platform.

During the earnings call, both company executives and analysts heavily emphasized the R2 platform, which was mentioned 15 times.

  • Poised to be Rivian’s first global offering, the R2 platform is expected to build upon the company’s previous R1 investments.
  • CEO R.J. Scaringe revealed significant progress in developing the R2 platform and ...

Full story available on Benzinga.com


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