Rivian Automotive Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Rivian Automotive Inc Q2 2023 Earnings Call Summary

Rivian Automotive Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Rivian Automotive Inc Q2 2023 Earnings Call Summary
Published Aug 08, 2023
16 pages (9530 words) — Published Aug 08, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of RIVN.OQ earnings conference call or presentation 8-Aug-23 9:00pm GMT

  
Brief Excerpt:

...A. Production continues to ramp, which is translating into improved profitability and capital efficiency. B. We are also driving material cost reductions through commercial and engineering design updates, including the integration of our in-house Dual-Motor into the R1 product line. C. During the second quarter, we produced 13,992 vehicles, which represents a 50% increase compared to the first quarter. D. Importantly, approximately 70% of the R1 units produced during the second quarter were R1S vehicles. E. This represents the first time R1S quarterly production was higher than R1T production. F. Our team in Normal has made strong progress through the first half of the year maturing the manufacturing process of the R1S to a point where the build efficiency is essentially equal to the R1T. G. It's also important to note the R1S is more profitable than the R1T. The ramp of our in-house Enduro motor line remains a key enabler to near-term production performance. H. Due to our progress during...

  
Report Type:

Brief

Source:
Company:
Rivian Automotive Inc
Ticker
RIVN.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Rivian Automotive Inc Q2 2023 Earnings Call Summary" Aug 08, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Rivian-Automotive-Inc-Earnings-Call-B15651271>
  
APA:
Thomson StreetEvents. (2023). Rivian Automotive Inc Q2 2023 Earnings Call Summary Aug 08, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Rivian-Automotive-Inc-Earnings-Call-B15651271>
  
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