Rivian Stock Alert: Tesla Rival Asks for Patience

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The first quarter was brutal for Rivian  (RIVN) – Get Rivian Automotive, Inc. Class A Report

The stock took a beating on Wall Street after the company failed to deliver on its vehicle delivery promises. His difficulties in managing production ramp-ups due to part shortage at its suppliers have made things worse and cast doubt on its future. 

To this was added a PR problem born of its decision to increase the prices of its R1T pickups and R1S SUVs without warning and then to cancel this decision in front of the anger of its customers. The episode left traces both for its image and for its finances.





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