Jake [Indiscernible]'s questions to Rivian Automotive Inc (RIVN) leadership • Q3 2024
Question
Jake [Indiscernible] asked for clarity on the Q4 revenue per unit increase, order book visibility, the VW JV closing timeline, and the nature of the JV's funding milestones.
Answer
CFO Claire McDonough confirmed the Q4 ASP increase is relative to Q3, with a higher commercial van mix providing a partial offset. CEO RJ Scaringe stated the VW JV is expected to close before year-end and that Rivian is 'very comfortable' with the jointly-defined financial milestones tied to the deal.