Rivian Automotive Inc produced 1,015 vehicles by the end of 2021, the Amazon-backed electric pickup truck maker reported in a filing on Monday, in line with its lowered expectations.
Last month, Rivian said it expected production to be"a few hundred vehicles short" of its 2021 target of 1,200 because of supply chain constraints.Separately, Rivian said Rod Copes retired as chief operating officer. "Rod began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp," the company said in an emailed statement on Monday.Shares of Rivian slipped 4.22per cent to US$78 in extended trade. They closed the regular session down 5.6per cent at US$81.44. Last week, the previous high-flying stock skidded below its initial public offering price for the first time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Orchid that was presumed extinct, new liverwort species among plant discoveries recorded in 2021More than half of the nine botanical discoveries recorded in Singapore in 2021 were made in Bukit Timah Nature Reserve.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
COVID-19 hospitalisations in France see biggest jump since April 2021PARIS: The number of people in hospital with COVID-19 in France rose by 767 to 22,749 on Monday (Jan 10), the biggest increase since April 2021 as a runaway Omicron infection rate boosted hospitalisations. Net new hospital admissions still remained well below peaks set in Nov-Dec 2020, when they stood over
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
NFT sales hit US$25 billion in 2021, but growth shows signs of slowingLONDON : From cartoon apes to video clips, sales of NFTs reached some US$25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows, although there were signs of growth slowing towards the end of the year.Prices of some non-fungible tokens, crypto a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
555 of 802 COVID deaths in 2021 not fully vaccinated: Ong Ye KungUnvaccinated individuals have consistently taken up two-thirds of Singapore's ICU beds throughout the pandemic, said the Health Minister This is untrue. The 2/3 ratio is derived by lumping in Partial Vaxxed to the Unvaxxed data to tilt the impression. If rightfully put in Vaxxed + Partial Vaxxed data together, it paints a VERY different picture. It's a bloody pandemic that would otherwise see vaccinated Covid patients fill up majority of ICU beds regardless.
Source: YahooSG - 🏆 3. / 71 Read more »
Over 30% spike in number of lawyers who quit in 2021, mostly those with under 5 years' experience: Law SocietySINGAPORE — A record 538 lawyers left the profession last year, most of whom were in the junior category of lawyers who have practised for less than five years, said Law Society president Adrian Tan on Monday (Jan 10).
Source: TODAYonline - 🏆 1. / 99 Read more »