Rivian CEO Says EV Maker’s Capital Will Carry It Through 2025

Rivian Automotive Inc.’s leader doesn’t see a need to raise capital before the end of 2025, even as the electric-vehicle maker pursues some costly projects.

“The focus of the business is incredibly dialed in on driving up production ramp and driving down cost,” Chief Executive Officer RJ Scaringe said Wednesday in an interview with Bloomberg TV. “We have a very clear line of sight” to profitability.