Description:
In this episode of Kilowatt, we dissect Rivian's Q2 2024 earnings call, highlighting CFO Claire McDonough's overview of production metrics and a $451 million gross profit loss. Despite challenges, Rivian aims for cost reduction and profitability by Q4 2024. We explore Rivian's joint venture with Volkswagen, as well as the expansion of electric delivery vans beyond Amazon. CEO RJ Scaringe discusses brand strength in the premium segment and potential benefits from regulatory credit sales, offering insights into Rivian's challenges and growth strategies in the evolving EV market.
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