Demand OutlookThere is a downbeat demand outlook for the year, leaving analysts waiting for updates on R2 progress and hoping for third-party opportunities.
Financial PerformanceLower unit sales drive free cash flow to worsen at negative $2.8 billion, including lower production and capital expenditure.
Future ChallengesRivian needs near-perfect execution through 2030 to reach scale, breakeven, and positive free cash flow, in a sector known for surprises.