Amazon Supported Electric Vehicles (EV) the creator Rivian Automotive Inc. Media outlets on Wednesday reported that customers who have booked the R1S SUV for delay in delivery have started notifying them.
Its shares fell 4.5% to $114.31 in afternoon trading.
The company previously said that the R1S would begin production in December at the Normal, Illinois plant, with first deliveries expected in January.
rivian Media outlets have now started sending out emails informing customers that the delivery window has been shifted to between May and July at the earliest, according to InsideEV. electrek,
Reuters could not independently verify the information, and Rivian was not immediately available for a comment.
The startup, flush with cash from a successful $100 billion-worth IPO, has announced plans for a second US factory and is looking to eventually open plants in Europe and China as well. It has not provided a location or time frame for the second US plant.
Shares of the company were up 53% at its Nasdaq debut on November 10, cementing Rivian’s position as the second most valuable US automaker.
Its shares fell 4.5% to $114.31 in afternoon trading.
The company previously said that the R1S would begin production in December at the Normal, Illinois plant, with first deliveries expected in January.
rivian Media outlets have now started sending out emails informing customers that the delivery window has been shifted to between May and July at the earliest, according to InsideEV. electrek,
Reuters could not independently verify the information, and Rivian was not immediately available for a comment.
The startup, flush with cash from a successful $100 billion-worth IPO, has announced plans for a second US factory and is looking to eventually open plants in Europe and China as well. It has not provided a location or time frame for the second US plant.
Shares of the company were up 53% at its Nasdaq debut on November 10, cementing Rivian’s position as the second most valuable US automaker.
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