Reported 5 months ago
The article discusses some negative news for Rivian investors as registration data from S&P Global Mobility showed a sharp decline in vehicle registrations for Rivian and a surge in registrations for its competitors like Ford and Tesla. The data revealed that Rivian's R1T truck faced a decline in registrations, with the Tesla Cybertruck outselling it by more than two to one in March. This highlights the increasing competition in the EV market and the importance for Rivian to launch its R2 vehicles quickly. Despite the decline in registrations, investors are advised not to panic as Rivian still has sufficient liquidity and potential to succeed with its next vehicle launch.
Source: YAHOO