America’s top electric-vehicle startup is in a more stable place than it was, but it still loses too much money on each vehicle it sells
Rivian is on a better road than Lucid, but none of America’s electric-vehicle startups looks much like being the next Tesla.
Rivian is finding its cruising speed—slower but more controllable than the breakneck expansion envisaged in its initial public offering two years ago. The company, which is focused on electrifying pickup trucks, three-row sport-utility vehicles and delivery vans,for 2023 to 54,000 on Tuesday, when it reported third-quarter results after the market close.
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