Investors in the electric vehicle (EV) sector have closely followed Rivian Automotive (NASDAQ: RIVN) since its initial public offering (IPO) last fall. Now, while Rivian is working to ramp up production, it is facing supply chain shortages that forced management to reduce its estimate for 2022 vehicle production. Shares plunged again today after The Wall Street Journal reported more dire warnings, from Rivian CEO RJ Scaringe, related to the supply chain. Read More...
Investors in the electric vehicle (EV) sector have closely followed Rivian Automotive (NASDAQ: RIVN) since its initial public offering (IPO) last fall. Now, while Rivian is working to ramp up production, it is facing supply chain shortages that forced management to reduce its estimate for 2022 vehicle production. Shares plunged again today after The Wall Street Journal reported more dire warnings, from Rivian CEO RJ Scaringe, related to the supply chain.
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