Rivian, the Irvine, Calif.-based electric vehicle startup, has faced mounting production pressures since launching late last year in one of the largest IPOs in U.S. history.
In March, the company adjusted its full-year forecast to 25,000 vehicles, down from an initial projection of 40,000 due to supply chain constraints. On Monday, Rivian’s stock plummeted more than 17% after a report that Ford had sold 8 million shares in the upstart EV company.
Given the company’s dramatic fall from public-market grace since its debut, its impending earnings report will carry extra weight.
What do we have our eyes on? When the automaker reports its first-quarter financial results later Wednesday, industry watchers will be especially interested in the company’s production outlook and handling of s …
