Rivian is progressing toward profitability, says CEO

Rivian is still losing a lot of money for each car that it sells, though the Amazon-backed automaker’s CEO recently noted that this was quickly changing as the company ramps up production of its R1T pickup. In a CNBC Squawk Box interview at the automaker’s Normal, Illinois production facility on Tuesday, Rivian CEO RJ Scaringe … Continue reading Rivian is progressing toward profitability, says CEO