Rivian takes major revenue hit as supplier problem persists

  • Thread starter Thread starter Kirsten Korosec
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Kirsten Korosec

Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts’ estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles. Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles […]

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