Tesla Rival Rivian Delivers Bad News

Published by
The Street

By Rob Lenihan Rivian and other EV starts-ups are struggling with various challenges as they try to carve out a piece of the market. This is a tough time to be a start-up. New entrants into the electric vehicle market are facing a slew of challenges, including runaway inflation, supply chain hold-ups and Russia’s invasion of Ukraine. Rivian Automotive (RIVN) – Get Rivian Automotive Inc. Report, which went public in November, is reportedly delaying delivery of its long-awaited SUV, the R1S, by one to nine months. Navigating a Tight Supply ChainRivian did not immediately respond to a request for…

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