Rivian Won't Need to Raise More Capital Until 2025: CEO

Rivian Automotive Inc.'s leader doesn't see a need to raise capital before the end of 2025, even as the electric-vehicle maker pursues some costly projects. CEO RJ Scaringe says the EV maker is focused on ramping up production and keeping costs down. He spoke to Bloomberg's Ed Ludlow.
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[@sworks7124]

I love my Rivian R1T best vehicle I have ever owned out of 36 vehicles. Rivian has the best customer service also! keep it up Rivian!

[@Starlord238]

Remember this video and watch it a few years after😉. I believe in this company and I am ok as an investor to have ups and downs with Rivian, but really like their products and vision

[@ocampbell1954]

Doesn't matter what you believe if they keep burning money because they can't make a profitable EV. They on the road to bankruptcy.

[@jademerlot2017]

there you go, Ser

[@italianoftheeast2481]

A few days later ...

[@around_Nic]

Rivian, here is a mantra: keep fighting, do not give up. You and Tesla are going to bring auto revolution in this century

[@RogerM88]

What "revolution" are they bringing? Disposable iPad on wheels not economically viable to be serviced over time?

[@panoptijohn]

Huge fan of Rivian. Building in Normal is awesome.

[@darrenchin8492]

Amazing how RJ begin so brilliant to know and think through all flagship products and great LONG term plan to run the EV company with knowing need to raise so much capacity like >20B

[@mathieujasinski2383]

Great interview, great questions! When will we see the R2 would have been useful.

[@richardcuvilly9831]

Look at how this man answers questions, then look how the Emperor of 'X' answers questions and you tell me who you would believe with timelines and expected product deliverables. What product are you buying when the CyberTruck is 3 years delayed while Tesla Semi's are stranded on California highways. Best purchase ever cause there is 'sound' leadership.

[@paxundpeace9970]

Rivian is looking really good at the moment stilm how long to they have until Ford and GM get the issues solved to move up in Sales and Production.

[@WhiteCloud746]

Honestly, it's like they are brothers.

[@RogerM88]

But...but Tesla fanboys been pandering like bots, Rivian as all other Automakers would be bankrupt by now. And evreyone would just drive a Tesla. Strange.

[@SpaceTravel1776]

No one said any of those things. The great thing about fighting a straw man is you always win, huh?

[@itisim]

Especially meet kevin

[@ocampbell1954]

Do you even know how to reach a balance sheet. Their deliveries and production means nothing. What are they making on each vehicle sale. They're still burning through money. Only a fool would look at production and not profitability.

[@itisim]

@ocampbell1954 how about stick with tesla and meet kevin

[@ehlava]

He answers those questions like a politician, not sure I like that. I prefer direct answers.
They are still grading the site in GA whereas TSLA would have been half way done at this point. GA was a mistake, should have built in Austin or up in Oklahoma and used the builders TSLA used.
Love the vehicles, design and quality seem to be on point. Next capital raise will be important. Wonder if it might be the Saudis. I think if the stock price drops below 15 again, or esp under 10, they get bought out.

[@teejayman215]

Meh GA had a lot of political delays from locals, but the state still went ahead and graded most of the land. The grading issues left are to fix erosion problems that the neighbors complain of.

[@ehlava]

@@teejayman215 exactly. that would not have happened in a state that was pro business. its ridiculous how slow its going

[@italianoftheeast2481]

A few days later ...

[@user-hf4ny6oi9o]

He lied! No financing till 2025....?.... today 1.5 bln convertible bonds...! Misleiding if you ask me....

[@itisim]

RJ IS CLARK KENT rivian will succeed

[@wuyili193]

The CEO is born to be an CEO, that is, he has not been working as an 9to5 full time job after graduation.

[@Rx100Vx]

You mean after he received his Phd from MIT and starting a car company from scratch in 2009 until now ?

[@darrenchin8492]

@@Rx100Vx yes. starting the company around 26 or 27 year old

[@devinandrew8141]

Are y'all brothers lol

[@elioadragna8566]

😂

[@jdsbkotevjk]

jail?

[@zakariaa.a5604]

Well that was a lie !! 😢

[@user-oc2ld9cv3y]

Lmao 😂 i am with you but i doubled my shares today!

[@pxgmusic]

This didn’t age well 😂

[@falcongfer2372]

Rivian -10%