Thursday May 26, 2022

Military vehicles head to Moscow’s Red Square ahead of WW2 parade

TheStreet.com

Ford Might Have Very Bad News for Rivian

The first quarter was very tough for Rivian and its shareholders. At the beginning of March, the company had said that the Normal, Ill., factory had capacity to produce 50,000 vehicles in 2022, but due to supply-chain difficulties, Rivian would manufacture only half that number — 25,000. The market capitalization at Rivian has shrunk by $66.1 billion, to $25.43 billion from Dec. 31 to May 6.

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