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Rivian won’t join EV price battle thanks to ‘robust’ backlog
Rivian Automotive CEO RJ Scaringe explained the automaker is not joining the EV price tag struggle began by Tesla Inc. previously this calendar year thanks to Rivian’s sturdy get backlog and the general benefit of its autos at recent cost degrees. “We experience confident in the worth proposition of what we’re offering at our pricing amounts right now,” Scaringe stated on the firm’s fourth-quarter earnings connect with Tuesday. Even though the current local weather of increased interest charges generally lessens consumer need, Rivian has an order backlog that will take till 2024 to fulfill. “The demand backlog we have is extremely robust,” Scaringe reported. “It presents us a obvious line…
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So maybe the economy won’t tank after all?
With help from Lisa Kashinsky THE END (MIGHT) BE IN SIGHT — Rep. Kevin McCarthy flipped 15 detractors in his hunt for the speakership today, but fell just short of being elected — for now. The House is adjourned until 10 p.m. EST this evening. The six Republicans who remained opposed to McCarthy throughout the day were Reps. Andy Biggs (Ariz.), Lauren Boebert (Colo.), Eli Crane (Ariz.), Matt Gaetz (Fla.), Bob Good (Va.) and Matt Rosendale (Mont.). If McCarthy can keep the rest of his conference together, he only needs two more flips from the remaining six to secure the speakership, assuming all House members are voting. Jerome Powell, chair…
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