News @andrew_andrew__ Dec 28, 2021, 6:08 pm EST | 1 min read RivianBack in October, Rivian quietly revealed that it produced just two R1T electric trucks per day. The automaker has slowly ramped up manufacturing, but it’s still far from reaching a practical production volume, and pre-orders are mounting faster than they can be fulfilled. Unsurprisingly, the cracks are starting to show. The first problem is money. As expected, Rivian has drained cash since 2020, accumulating an extra $1 billion in losses. And while the company has over 70,000 R1T pre-orders on its plate, customers only pay a $1,000 refundable deposit to reserve th… Click below to read the full story from How To Geek
Read More
Rivian Faces an Insurmountable Wall of Electric Truck Pre-Orders
