CEO of all-electric truck company Rivian on his goals and recent setbacks: 'You don't start a car company immediately making money'

The CEO of all-electric truck company Rivian discusses his goals and recent setbacks: 'You don't start a car company immediately making money.'

. Sales of EVs rose to 76% in the first quarter of this year, and market share for EVs doubled to 5.2%, according to Kelly Blue Book.

"It almost seems like you're trying to show people electric cars don't have to be these bubble things you drive around in," Tracy said to Scaringe during their test drive. The 39-year-old executive has been heralded as Tesla CEO Elon Musk's new nemesis. In return, Musk has openly"You don't start a car company immediately making money," he said."I think he's maybe forgetting some of the things that Tesla themselves went through. But I take it as him hopefully just trying to be constructive and helpful."

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