Rivian Has More Bad News as It Cuts Costs

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By: Ellen Chang

Source: The Street

 

Preserving cash has become a priority for the EV company who has faced a year of tough losses including the shrinking of its market cap.

CEO RJ Scaringe said Rivian's focus on efficiency needs to be a “core objective,” according to an email that employees received and was viewed by CNBC.

 

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