Why Rivian Alarm Bells Might Be Ringing
Rivian Automotive (NASDAQ: RIVN) shifted gears and accelerated during the first quarter, reporting a narrower-than-expected loss, and that was just one of many developments.
The electric vehicle (EV) maker also announced it was increasing production at its soon-to-be Georgia plant to 300,000 vehicles a year, up from 200,000. And it announced a partnership with Uber Technologies that could put tens of thousands of R2 robotaxis on the roads by the end of 2030.
Despite solid first-quarter results, there were a couple of developments to the downside that investors should note.
Source Fool.com
Uber Technologies Inc Stock
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