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. 

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