Rivian Exceeds Expectations – CEO Sees Autonomous Driving as a Turning Point for Market Shares!
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The electric car manufacturer Rivian exceeds expectations for revenue and loss in the third quarter. CEO RJ Scaringe sees autonomous driving as a potential turning point for the industry and positions Rivian as a competitor to Tesla's FSD system. Numbers Above Expectations Rivian reports third-quarter revenue of $2.155 billion, surpassing the analyst estimate of around $1.98 billion; the loss per share was lower at $0.48 than the expected $0.72. An important source of revenue is the partnership with Volkswagen: According to CFO Claire McDonough,...
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