Rivian has made significant progress this year when it comes to production and deliveries, breaking record after record. However, the EV startup continues to have a major problem – it's hemorrhaging cash. Fortunately, CEO RJ Scaringe claims the company knows how to fix that.
Speaking on CNBC's "Squawk Box," Scaringe said there's a "very clear" set of steps toward achieving profitability as the company's deliveries are picking up, helping lower costs and cut losses.
