Rivian reaffirms ~25K production goal for 2022, reports solid demand despite price increase
Teslarati
MAY 11, 2022
Rivian stated that it would continue to experience negative gross profit related to labor and overhead costs but expects it to improve once it ramps to higher production volumes. Rivian links supply chain woes to ongoing Ukraine-Russian war. The company believes supply chain constraints will be a limiting factor to its production.
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