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Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production

Tiger Newspress2021-12-17

Rivian tumbled over 12% in morning trading after it warned supply issues to hit 2021 production.It highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.

Rivian also announced plans to build a $5 billion plant to ramp up capacity, while flagging production challenges even as it receives about 2,000 pre-orders every week.

"We don't want to read too much into near-term issues ... but it does highlight the risk that Rivian has a lot on its plate," RBC Capital Markets analyst Joseph Spak said.

The company expects production to fall "a few hundred vehicles short" of its 2021 target of 1,200 due to supply chain constraints.

Increasing production of R1T truck, R1S SUV and Amazon's delivery vans within a few months would be akin to "a really complex orchestra," Chief Executive Officer RJ Scaringe said.

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评论34

  • Nonopapa
    ·2021-12-20
    lol
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  • Rudyy
    ·2021-12-20
    Like
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  • HOK
    ·2021-12-19
    🙈 
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    收起
    • HOK
      Thank s
      2021-12-21
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  • Gackky
    ·2021-12-18
    time to short… then buy
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    • BurLInG
      Wah
      2021-12-19
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    • jas68
      sad
      2021-12-19
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    • adriandino
      oh no
      2021-12-18
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  • bungeemelody
    ·2021-12-18
    Time to buy
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    收起
    • AndrewL
      ye s
      2021-12-18
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  • SPOT_ON
    ·2021-12-18
    Like n follow 
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    收起
  • njkk
    ·2021-12-18
    Pls like 
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  • BellaEng
    ·2021-12-18
    😑
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  • Mib1515
    ·2021-12-18
    Ok
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    收起
    • Jinlim
      Ok
      2021-12-18
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    • WalkerWoon
      Like me pls
      2021-12-18
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  • poworb
    ·2021-12-18
    T
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    收起
    • poworb
      b
      2021-12-18
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  • Victorhc88
    ·2021-12-18
    Like
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  • JorgenS
    ·2021-12-18
    Wow
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  • DragonKC
    ·2021-12-18
    Rivian stock up was a hype from so call future earnings.  But many did not realize behind EV losses n production issues. 
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    • Frosty4ever
      making ev from scratch is extremely difficult. good backing is great but still needs perfect execution. imagine a phone startup to challenge Apple. needs lots of time, money & luck
      2021-12-20
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  • claratan
    ·2021-12-18
    Wow 
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  • Koco
    ·2021-12-18
    Sigh. Why did I buy this
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  • wallflowere
    ·2021-12-18
    Like pls
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  • Gladys8jk
    ·2021-12-18
    Ok
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  • Dynamism
    ·2021-12-18
    K
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  • JiaocyTi
    ·2021-12-18
    666
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    收起
  • Pandaaa
    ·2021-12-18
    Overhyped for this company? 
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