Rivian makes an unexpected gift to Tesla, Ford and GM

Things aren’t going so well for Rivian (BANK) – Get the Class A report from Rivian Automotive, Inc. these days.

The young manufacturer of electric vehicles seems to be experiencing a series of slippages that never ends. What to wonder if this will stop anytime soon when the environment seems to darken for the automotive industry as a whole.

Supply chains that were already disrupted by the pandemic are further disrupted with the Russian invasion of Ukraine. Added to this is the recent surge in commodity prices in line with the rise in crude oil prices.