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NORMAL — Rivian Automotive Inc. plans to lay off part of its salaried workforce amid a quarterly loss and an increasingly competitive electric vehicle market.
The electric truck startup's stock fell sharply after it released earnings
Also, Mercedes-Benz softens its electric vehicle sales target as demand drops, and California regulators are in no rush to let Waymo expand its operations.
The electric truck startup has seen its shares plunge more than 46% since 2024 began
NORMAL — Rivian Automotive Inc. plans to lay off part of its salaried workforce amid a quarterly loss and an increasingly competitive electric vehicle market.