Rivian Faces Challenging Q2 Amid Production Upgrades and New Model Launches

CEO RJ Scaringe outlines cost-saving measures and previews upcoming R2 and R3 vehicles while addressing investor concerns.

Rivian's plant shutdown for upgrades is expected to impact Q2 earnings significantly.
The company introduced new cost-saving measures, including reducing battery pack components.
Upcoming R2 and R3 models aim to expand Rivian's market reach with more affordable options.
Facelifted R1S and R1T models feature design tweaks and improved efficiency.
Rivian partners with Tesla for NACS adaptors, enhancing charging infrastructure.