The (rise and) fall of Rivian
ANALYSIS: A university student’s perspective on the EV startup – from IPO glory to industry struggles.
Rivian e-car recharging.
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From being labelled as ‘the next Tesla’ to losing nearly 90% of its value, Rivian’s journey has been a cautionary tale of hype outpacing reality. Despite a record-breaking IPO and major backing from Amazon and Ford, the EV startup has struggled with cash burn, production delays, a narrow
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