Quote:
Originally Posted by accord1999
Rivian's guidance on how many vehicles they'll produce has dropped a lot. Plus while oil prices have gone up, many resources used to build batteries have also sky-rocketed. Just look at the price chart for lithium, cobalt, nickel, copper, aluminum.
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They increased the purchase price by 20% and had to revert back to the original price when buyers revolted. Now shareholders are suing. It's not looking good for them.
https://insideevs.com/news/572182/ri...-price-swings/