Ample liquidity available for next two years and by that time, two things will happen for Rivian
1) Gross profit positive
2) Georgia plant ready for production
25% gross margin target was mentioned during the earnings call. Rivian seems to be well aware of what it needs to do to achieve that. That’s why the cost cutting and layoffs.
Georgia plant will produce the much cheaper mass appeal R2 model. The production number for both R1 and R2 will be around 600k vehicles. Challenges lie ahead, but Rivian isn’t going anywhere $Rivian Automotive, Inc.(RIVN)$
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