Rivian has good news about its EVs and some not-so-good news about its factory plans
Rivian's positive production report could be overshadowed by a bad court ruling in Georgia. | Image: Rivian Rivian made over 7,000 electric vehicles over the last three months and reaffirmed its goal to produce 25,000 vehicles by the end of the year. It was a sign that the company is continuing to rise above its early stumbles as it seeks to dominate the EV market with its beautifully designed emissions-free, adventure-themed trucks and SUVs.
The positive production report came on the heels of a less-than-positive update about the buzzy EV startup's plans to build a $5 billion factory in Georgia. A judge ruled last week that the state's economic development authority failed to justify the use of taxpayer-funded money to subsidize the project, throwing the whole project into question.
A judge blocked a $1.5 billion tax subsidy plan for Rivian...