Strong Production Numbers And Talent Acquisition Boosting EV Manufacturer Rivian
Things are challenging right now in the EV space, but Rivian has had some good news go their way recently
Electric pickup truck maker Rivian has, like many companies, experienced a difficult year. Their stock is down around 70% since the start of 2022, and in an effort to tighten their belt to weather the current difficult global economic times, are exploring significant job cuts. However, their outlook isn’t entirely bleak, as they recently reported strong Q2 production numbers, and data shows they have been leading the way in grabbing talent from EV giant Tesla.
Founded in 2009, Rivian is based out of California and develops electric vehicles, specifically pickup trucks at the moment, on their proprietary “skateboard” platform that can be used to both support their own future vehicle designs or be utilized by other manufacturers willing to pay for the technology. The company has already begun deliveries on their R1T electric pickup and also have an R1S electric sport utility vehicle and an electric delivery van coming down their pipeline.
Thus far, their R1T has been their crown jewel. The all-wheel drive truck with eight different driving modes is capable of going from 0–60 in three…
