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CEO Jim Farley in May said the company's electric vehicles may not reach cost parity with Ford's combustion vehicles until the second and third generations of EVs arrive between 2025 and 2030, and has indicated Ford's combustion trucks could remain in production well beyond then.

They don’t write my name on the production, well, that’s bad.

Rivian, which has been losing money on every vehicle it builds, forecasts 2023 production well below analysts' estimates as it grapples with lingering supply chain bottlenecks after narrowly missing its target last year.

Rivian Automotive Inc on Tuesday forecast 2023 production well below analysts' estimates as it grapples with lingering supply chain bottlenecks, and announced a recall of more than 12,700 vehicles, sending its shares down more than 8%.

Rivian forecast 2023 production well below analyst estimates on Tuesday, citing nagging supply chain shortages, sending shares down 8% in after-hours trading.