Rivian is shoring up sourcing for its R2 affordable SUV with Trump's proposed tariffs in mind, CEO says
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Rivian is preparing for potential tariffs proposed by Donald Trump, which could impact the sourcing for its R2 affordable SUV. The company's CEO, RJ Scaringe, discussed these preparations during an earnings call.
November 08, 2024 | 4:30 am
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Rivian is preparing for potential tariffs proposed by Trump, which could impact the sourcing for its R2 affordable SUV. The company's CEO, RJ Scaringe, discussed these preparations during an earnings call.
Rivian's proactive approach to potential tariffs indicates a strategic move to mitigate risks associated with Trump's proposals. This preparation could stabilize investor confidence, but the actual impact on stock price remains neutral until further developments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90