Rivian set to report Q1 earnings amid cost cuts and new model plans 🔋 Analysts anticipate continued cash burn despite recent incentives 💸 #EV #Rivian
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year.
https://www.autonews.com/automakers-suppliers/rivian-q1-earnings-preview-cost-cuts-new-product-plans