At the time, it had delivered 156 vehicles in the first two months of factory production. At its current spending rate, that’s enough to fund expansion efforts through 2025, Mr. Scaringe said. “Overwhelmingly the problem with cars is production,” Mr. Musk said at the Financial Times’ Future of the Car summit in May. In recent months, Mr. Scaringe has brought in veteran executives to bring manufacturing know-how to the company. One of his biggest tasks, Mr. Scaringe said, has been convincing suppliers, especially those making sought-after semiconductors, to buy into Rivian’s ambitious production targets.
Source: Wall Street Journal June 04, 2022 16:43 UTC