Rivian Automotive Inc CFO Says Next Year, We'll Be Taking Couple Of Weeks Of Downtime To Introduce Key Next-Generation Technologies Into R1 Platform
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's CFO announced that the company will take a few weeks of downtime next year to introduce next-generation technologies into its R1 platform.
June 15, 2023 | 6:34 pm
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NEUTRAL IMPACT
Rivian's stock may be affected by the downtime announcement as the company plans to introduce next-generation technologies into its R1 platform.
The announcement of downtime for Rivian's R1 platform to introduce next-generation technologies may have mixed effects on the stock. While the upgrades could improve the platform's capabilities and attract more customers, the downtime may cause temporary production delays, leading to a neutral short-term impact on the stock.
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