Rivian's Sales Results Beat Expectations in Q2 2023
Rivian hasn't had it easy since the start of production of its first model, the R1T pickup truck. In recent months, however, things have been looking up for the fledgling EV maker as it tries to carve out a place for itself on the market.
Rivian, which is backed by Amazon, has struggled to get off to a good start due to the supply chain crisis, but also because one of its main rivals, Tesla, has been making significant price cuts in recent months. These and other challenges have put brake on the new company’s performance since it launched its first EV.
Another factor helping the company is that, as its vehicles hit the road, more and more potential customers see them and are curious to find out more. In this sense, interest in the brand can only increase.
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