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Rivian Might Be Shaking Up Management. That Isn’t Why Investors Are Excited.
Rivian Automotive is shaking up its production plans and management. “We have updated our product roadmap to drive focus and are making organizational changes to ensure rapid progress and keep pace with our projected growth,” said CEO R.J. Scaringe in an internal email quoted earlier by Bloomberg and confirmed by the company. Changes to the product roadmap–management’s plan for what vehicles to produce, and when–could mean Rivian could move forward the first deliveries of its sport-utility vehicle, the R1S, now due to reach customers later this year.
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