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Rivian Tumbles After Report of Ford Share Sale at a Discount

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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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