Shares of Rivian Automotive (RIVN) are dipping as the company posted its first quarter results, trimming its capital expenditure forecast. The company faces ...
) are dipping as the company posted its first quarter results, trimming its capital expenditure forecast. The company faces pressure to perform in an increasingly competitive market while electric vehicle demand remains soft.
Levy adds that a potential Rivian-Apple partnership may be attractive to investors but reaffirms his earlier stance that the automaker's"core focus" is reducing costs and increasing profitability.All right, Jim, we wanna switch gears here and talk about another EV player that's certainly moving here, at least in the downside today.And that's riv and the EV maker extending its losses, shares are down just about nearly 7% right now.
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