Rivian reorganizes operations team as COO joins the EV company
The electric automaker Rivian is reorganizing some of its leadership team as a new chief operations officer joins the company next week.
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The electric automaker Rivian is reorganizing some of its leadership team as a new chief operations officer joins the company next week.
Rivian has renovated its Normal plant, created thousands of jobs and raised billions of dollars, but it can't build its $70,000 EV trucks fast enough.
The electric automaker Rivian has already hired over 5,000 people in Normal, making it McLean County’s second-largest employer almost overnight. But now comes the hard part: Keeping them. And then growing again when the supply chain allows for the plant to increase production capacity.
Sydney pub owner Ken McCourt has paid $18.5m for the Imperial Hotel in Singleton, almost six times what it sold for less than four years ago.
Investors are underestimating RIVN stock because they're getting too caught up in its supply issues and ignoring its strong demand metrics.