Elon Musk's 'Puff-Yourself-Up' Style Vs. R.J. Scaringe's 'Quiet' Approach: Rivian CEO Says 'We Let The Products Do A Lot Of The Speaking'
Portfolio Pulse from Shanthi Rexaline
Rivian Automotive's CEO, R.J. Scaringe, has clarified his 'quiet' approach to leadership, contrasting it with the 'boastful' style of Elon Musk and Donald Trump. Scaringe emphasized that Rivian is focused on results and lets its products and customers do the talking. Despite recent pressure on the stock due to a convertible senior green note offering to raise $1.5 billion and a report highlighting Rivian's unsustainable cost structure, the company has exceeded third-quarter delivery and production estimates.
October 12, 2023 | 1:51 pm
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Rivian's stock has been under pressure due to a convertible senior green note offering and a report on its unsustainable cost structure. However, the company has exceeded Q3 delivery and production estimates.
Rivian's stock has been under pressure due to a convertible senior green note offering to raise $1.5 billion and a report highlighting its unsustainable cost structure. However, the company has exceeded third-quarter delivery and production estimates, which could potentially offset the negative impact of these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100