Rivian Automotive faces short-term production issues and potential loss of EV tax credits but remains a strong long-term investment with significant cash reserves. Despite production setbacks and a revised forecast, Rivian's valuation offers a high margin of safety, making it a compelling buy. Rivian's focus on reducing operating expenses is crucial for future profitability, even as it scales u...
Volkswagen appointed former Rivian executive Kjell Gruner as head of its American business Tuesday, as the automaker faces a choppy electric transition and ongoing negotiations with the United Auto Workers union in the region.
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