Claire McDonough

Chief Financial Officer of Rivian Automotive since January 2021. Previously a managing director and co-head of Disruptive Commerce at J.P. Morgan; she also serves on AutoZone’s board of directors.

Rivian Pins Automotive Gross-Profit Target on Its Gen 2 Ramp

Rivian’s route to automotive gross-profit positivity depends on scaling production of its Gen 2 vehicles at its Normal, Illinois plant and spreading fixed costs across its R1 and commercial-van programs, CFO Claire McDonough told Bloomberg. She said early demand is evident in 57,000 second-quarter demo drives and encouraging Launch Edition conversions, though Rivian has not disclosed conversion rates or Gen 2 delivery volumes; fleet software subscriptions remain its established source of recurring software revenue.

Bloomberg TechnologyJul 30, 20264 min read