The Latest Breaking News from RJ Scaringe

This EV maker is not letting the cloudy outlook on the sector get in its way.

Startup EV companies have fallen out of favor with investors amid concerns over demand and margin compression. However, the long-term forecast for Amazon-backed RIVN looks positive, and it might join the ranks of major EV producers by 2030.

Rivian Automotive is looking to get more people behind the wheel of their all-electric R1T pickup truck.

Rivian now expects to build more than six times the number of electric vehicles that Lucid now aspires to for this year.

The e-commerce giant says it has doubled its fleet of custom-designed electric delivery vehicles to a total of 10,000 vehicles.

"Our success doesn't require someone else's failure," he said.

The chief executive of this growing rival thinks "the world's better because Tesla's here."

Rivian has burned through half of its $18 billion cash reserve, but CEO RJ Scaringe says EV maker has a "very clear" set of steps that get it to profitability.

Rivian CEO Scaringe discusses rising competition in EV market and strong demand for their vehicles.

An interesting marketing strategy is leading to huge sales losses for a big EV manufacturer.

RJ Scaringe said about the Cybertruck that it's "great to see something that's so different," but suggested Tesla's truck will not compete directly with R1T.