-
Rivian cautions supply problem to hit creation, shares fall to record low
Rivian Automotive Inc (RIVN.O) shares slid almost 15% on Friday to hit a record low later the electric vehicle producer’s first outcome as a recorded organization featured the difficulties it was probably going to look in sloping up creation to take on EV pioneer Tesla Inc (TSLA.O). Portions of Rivian tumbled almost 11% on Friday—hitting another record low since the organization’s blockbuster IPO last month—later the electric truck creator cautioned that it would miss its 2021 creation focus because of continuous production network issues. Rivian’s portions drooped to $92.62 in early exchanging – opening beneath the $100 mark interestingly – were as yet off around 11% in the early evening.…