Rivian Automotive CFO Says Focus Is On Amazon As Customer But See Lot Of Interest And Demand As We Think About Long Tail Of Customers; Will Start To See Improvement; Will Show R2 Platform Early Next Year
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's CFO stated that their focus is on Amazon as a customer, but they see a lot of interest and demand from other potential customers. They expect improvements and plan to showcase the R2 platform early next year at the Deutsche Bank Auto Tech Conference.
June 15, 2023 | 6:49 pm
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POSITIVE IMPACT
Amazon is Rivian's primary focus, which could strengthen their partnership and potentially benefit Amazon's delivery fleet.
As Rivian's primary focus is on Amazon, it indicates a strong partnership between the two companies. This could lead to Amazon benefiting from Rivian's electric vehicle technology for their delivery fleet, improving efficiency and reducing costs.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Rivian's focus on Amazon and growing interest from other customers may boost demand for their vehicles, and the R2 platform reveal could generate further interest.
Rivian's focus on Amazon as a customer and the growing interest from other potential customers could lead to increased demand for their vehicles. The planned reveal of the R2 platform early next year could generate further interest and boost the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100