tamira
2022-05-02

$Roblox Corporation(RBLX)$Rivian (NASDAQ:RIVN) recently announced that concerns about EV battery availability are real. And it may eclipse the chip shortage that befell the industry in 2021 and continues today. In fact, Rivian CEO, RJ Scaringe, is of the opinion that 90% and possibly as much as 95% of the battery supply chain does not currently exist.

Rivian went public near the end of 2021. And the timing couldn’t have been worse. The move to risk off assets was just beginning. Other automakers were already beset by supply chain issues. The Russian war on Ukraine has added geopolitical risks to the supply chain. And the Federal Reserve is raising interest rates which, along with already high consumer prices, may squelch demand for Rivian’s vehicles which have a starting price tag of around $67,500.

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Comments

  • boonk
    2022-05-02
    boonk
    rblx investors will be rewarded in next metaverse play by end 2022 when fb, Microsoft introduce ar/vr folly by apple close behind
  • muiee
    2022-05-02
    muiee
    EV Maybe longer term play
  • Moolele
    2022-05-02
    Moolele
    My kid spent a lot on the toy 🤣
  • Kelvink73
    2022-05-02
    Kelvink73
    Go for long-term
  • AK1228
    2022-05-03
    AK1228
    Ok
  • Henryee18
    2022-05-02
    Henryee18
    Good one
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