Is Ford's Big Move a Red Flag for Rivian in 2024?
One thing Rivian (NASDAQ: RIVN) investors -- and likely investors of the broader electric vehicle (EV) industry -- know is that any complications, slowdowns, or bottlenecks in production are met with immense pessimism from Wall Street analysts.
That's what happened early in 2023 to Rivian as it faced production bottlenecks, but is this latest sign from rival Ford Motor Company (NYSE: F) a warning that demand is softening? Here's why it could be a big deal.
Many headlines touted Ford's F-150 Lightning Flash, which was intended to fill a gap in price offerings for its electric truck lineup, but one thing Ford management forgot to mention was that they're significantly dialing back production of the F-150 Lightning overall.
Source Fool.com
