Rivian production lines reduced due to supply shortage – Center Square

Wirepoints President Ted Dabrowski said the Illinois-backed tax incentive package valued at $827 million over 30 years for Rivian is Gov. JB Pritzker gambling with taxpayer funds. “We’ve seen all the bad news when it comes to the EV industry, the soft sales, the lack of infrastructure, are there enough people who can afford EVs? All that stuff is hitting hard and you see Rivian’s stock price go down and that’s a clear reflection that the market is worried.”
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Ex Illini
1 year ago

Just a few months ago Volkswagen committed to a cash injection for Rivian and appeared to be the knight in shining armor Rivian so desperately needed. Now investors are wondering if Volkswagen will survive. Rivian goes through cash faster than a drug addicted lottery winner. You can be sure Rivian is counting all those employees working 3 day weeks as full timers, so they still collect whatever cash Pritzker promised them. This thing has smelled since the day it was announced, and the average taxpayer doesn’t know a thing about it thanks to the pathetic, so called journalists in this… Read more »

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