Rivian Shows Silver Linings Before Earnings

News Snapshot:

hapabapa Rivian (NASDAQ:RIVN) along with the entire EV industry is going through a trial by fire. The next earnings will be reported on 7th May. The high-interest rate environment has already dented demand and at the same time, the supply of EV vehicles has increased significantly due to intense competition. The EV supply from China is also heating up, which has forced other automakers to give bigger discounts to retain customers. The European market is especially suffering from the rapid influx of Chinese auto brands. According to Financial Times, Chinese-made EVs will grab a staggering 25% of EV market in...