Rivian Projects Q2 Vehicle Production of 9.1K-9.3K, Below Est. 10.29K; Q2 Deliveries Expected at 13K-13.3K, Above Est. 10.24K; Plans $2.5B+ Capex Reductions 2023-2025; Expects 45% Material Cost Reduction from R1 Gen 2 to R2; Targets R2 Launch in 2026; Reaffirms 2024 Guidance of 57K Units Produced; Aims for 10% Long-Term Free Cash Flow Margin; Long-Term Financial Targets Include High-Teens Adjusted EBITDA Margin
Author: Benzinga Newsdesk | June 27, 2024 09:00am
- Slides https://downloads.rivian.com/2md5qhoeajym/29B1jJmErhGosTcyaS5Lci/4c04aba25a22778e3a9516cedaac2ddd/062724_Rivian_InvestorDay.pdf
Posted In: RIVN