Overview

• 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.