Demand And PricingEV market demand remains muted, and to the extent Rivian needs to utilize more incentives/pricing action prior to the R2 launch, there could be downside risk to EBITDA.
Gross Margin ConcernsThe absence of a mention regarding achieving positive gross margins by the year-end suggests it is now unlikely without a quick resolution to the shortage.
Production GuidanceThe company reduced its full-year production guidance by approximately 16%, which raises concerns about its ability to meet targets.