Rivian About to Make a Crucial Decision to Solve Its Big Problem
Young electric-vehicle maker Rivian has struggled to increase production rates.
Stay updated with breaking news from Rod Copes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Young electric-vehicle maker Rivian has struggled to increase production rates.
Rivian is making its electric vehicles about twice as fast as it was a few months ago, though supply chain problems will cut significantly into annual production at the plant in Normal, the company said Thursday.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
See the latest news for the top stocks in the electric vehicle space including Ford, General Motors, Lucid, Nio, Rivian, and more.
Also: Intel makes a smart CFO hire.