Tesla Rival Rivian Considers a Major Move

Rivian ( (RIVN) – Get Rivian Automotive Inc. Report) is preparing for the tough times ahead. 

The young manufacturer of electric vehicles, considered one of Tesla’s ( (TSLA) – Get Tesla Inc. Report) great rivals, wants to prevent a possible recession from disrupting its projects. 

The company is currently increasing production rates to meet significant demand. The order book as of May 9 was over 90,000 vehicles, the company said when publishing its first-quarter results in May. This phase of increasing production rates, one of the most crucial in the life and survival of an automotive company, is taking place during a turbulent period for the entire automotive industry. 

Source: https://www.thestreet.com/technology/tesla-rival-rivian-considers-a-major-move?puc=yahoo&cm_ven=YAHOO&yptr=yahoo