Rivian Automotive(RIVN) - 2024 Q1 - Quarterly Results

Q1 2024 Shareholder Letter © 2024 Rivian. All rights reserved. 2 During the first quarter of 2024, we unveiled our new midsize platform ("MSP") with R2, R3, and R3X and we're pleased with the reaction they received. Distinctly Rivian in terms of performance, capability, and usability, R2, R3, and R3X address the largest consumer segment of midsize SUV and crossover vehicles. We also announced that we will start R2 production in Normal which we expect to drive greater capital efficiency with over $2.25 billi ...