The social-media company blamed the decline on advertising weakness and uncertainty related to its pending $44 billion acquisition by Elon Musk. Read More...
Reuters
Rivian CEO eyes expansion into broader range of commercial electric vehicles
Rivian Automotive Inc is planning a broader range of electric commercial vehicles in a variety of shapes and sizes, and expects to be building millions of EVs a year at multiple plants after 2030, Chief Executive R.J. Scaringe said. Speaking with Reuters ahead of Thursday’s formal unveiling with Amazon of the large EDV-700 delivery van, Scaringe said “there will be a host of other applications in the commercial space” based on the so-called RCV platform that underpins the Amazon van that Rivian is building in Normal, Illinois. “We’re thinking about many other aspects of the commercial space outside of last-mile delivery (including) cargo and work vans,” Scaringe said.
