Rivian Shelves Thrilling 360° 'Tank Turn' Feature On Abusive Usage Worries
Portfolio Pulse from Anan Ashraf
Rivian Automotive (RIVN) CEO RJ Scaringe announced that the company will no longer offer the 360-degree 'tank turn' feature on its vehicles due to concerns about potential abusive usage and environmental impact. The feature was introduced in December 2019 and gained significant attention on social media.
May 30, 2023 | 6:10 am
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Rivian will no longer offer the 'tank turn' feature on its vehicles, potentially affecting the appeal of its products to some customers.
The discontinuation of the 'tank turn' feature may affect the appeal of Rivian's vehicles to some customers who were attracted by the unique feature. This could potentially lead to a decrease in demand for their products, negatively impacting the stock price in the short term.
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