Electric-vehicle startup Rivian Automotive Inc. maintained its production forecast for 2022, with executives saying the supply-chain problems that have cropped up in recent months are expected to ease later this year.

Rivian which reported quarterly results after the market close Wednesday, said revenue for the first quarter was $95 million, below Wall Street expectations.

To Read the Full Story

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

What’s in the Debt-Ceiling Deal

Share Listen (1 min) This post first appeared on wsj.com

Intense heat is on track to shatter record temperatures around the U.S.

1h ago / 3:05 PM UTC July 16, 202302:06 Share this –…

Huawei CFO Meng Wanzhou Reaches Deal With Justice Department

The U.S. Justice Department has reached a deal that will allow Huawei…

Economy Week Ahead: U.S. GDP and Wages; Monetary Policy Abroad

Economy Economy Week Ahead Data and interest-rate decisions to provide a picture…