The earnings report comes on the heels of a positive production update
of its 14,000 employees, or around 800 people, citing a need to cut costs in order to speed up development of future versions of its electric trucks and SUVs. But a recent price hike and the news that the revised EV tax credits would alter the landscape for EV buyers has Rivian scrambling to respond. Under the new climate bill put forward by Senate Democrats, pricier EVs Some configurations of Rivian’s electric truck and SUV will almost certainly be too expensive to qualify for the credit, which could depress demand. Rivian also
Ford is the future and king of the EV’s market guarantee
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