Rivian is progressing toward profitability, says CEO
Key Points ๐ฐ Rivian is still losing money on each car it sells. ๐ The CEO, RJ Scaringe, sees a clear path to profitability and expects the losses per vehicle to decrease significantly. ๐ Rivian recently introduced the R1S Max Pack battery with 410 miles of range. ๐ Scaringe believes there is room for variety…