Shares of Rivian Automotive Inc. dropped 10% in following-hrs trading Tuesday after the electric-car or truck maker narrowed its quarterly decline but skipped revenue expectations and exposed struggles with components shortages and other producing hiccups as it attempted to ramp up manufacturing.
“The source constraint is, by considerably and absent, the greatest constraint,” Rivian RIVN Chief Govt RJ Scaringe stated in a call with analysts following effects.
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