RJ Scaringe sat down to discuss supply chain challenges, the company’s Amazon deal, and competing with the Cybertruck.
We’ve got another interview from the Code Conference today. My friend and co-host, CNBC’s Julia Boorstin, and I had a chance to talk with Rivian CEO RJ Scaringe. Rivian is a newer company — RJ started it in 2009, and it took more than 10 years to start shipping cars to consumers. But its first vehicle, the R1T pickup, made a big splash when it arrived in 2021, and the company has more back orders for both the R1T and its second vehicle, the R1S SUV, than it can handle. For now.
And more than that, they haven’t fully appreciated the charging dynamics. One of the things I love to remind consumers of is most of your charging is done at home. So, depending on the brand, around 90 percent of your charging is done at home. And so, that sort of 5 to 10 percent of charging that’s not at home is the road trip or the off chance that you weren’t able to fully charge at home and you need to pick up charge somewhere else.
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