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fromFortune
2 months ago
Cars

Rivian's CFO hints the end of EV tax credits means manufacturers are being forced to finally make more affordable electric cars | Fortune

Business
fromBusiness Insider
2 months ago

I spoke to Rivian's CEO a day before he announced layoffs. He said the company was at an 'inflection point.'

Rivian laid off over 600 employees while advancing an affordable $45,000 R2 SUV launch and unveiling ALSO's $4,500 e-bike, signaling a pivotal moment for the company.
US news
fromBusiness Insider
2 months ago

Rivian plans to lay off more than 600 workers. Read the memo from CEO RJ Scaringe.

Rivian will cut over 600 jobs, about 4–4.5% of its workforce, amid lost federal EV tax credits and preparation for the R2 launch.
fromFortune
2 months ago
Cars

Rivian's CFO hints the end of EV tax credits means manufacturers are being forced to finally make more affordable electric cars | Fortune

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