Rivian Automotive Inc Q3 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Joseph Robert Spak - UBS Investment Bank, Research Division - Analyst : Claire, I know you sort of talked a little bit about some of the puts and takes into next year. But you're right now running at a $65,000 run rate this quarter. So in the context of the downtime and the $150,000 total capacity, how should we be thinking about next year's potential? Is that sort of 65% run rate about the right level you guys are planning for next year?

Question: Joseph Robert Spak - UBS Investment Bank, Research Division - Analyst : Okay. That's helpful. And actually, that danced nicely into my next question in -- RJ or Claire, I mean, you've talked about this in the past about the higher ASPs with the backlog. And RJ, you sort of mentioned some of the affordability concerns out there on -- in EVs, but really, I'd say, in broader auto as well, at least in the headlines. So clearly, you have good visibility on your backlog through '24. But how are you thinking about or planning for the margin profile for the business when you -- once you go past that, like if affordability is a greater concern, do you have enough line of sight on cost reduction initiatives or other efforts to sort of help balance out what might be a little bit of a tougher pricing environment?