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Billionaire George Soros Punishes Rivian

24 Nov 2022 | Abstracted from The Street

"Initially Soros bet on the upstart Rivian...changed his strategy, preferring to bet on the car manufacturers who have the capabilities to mass produce... company is struggling to manage ramp-ups and supply chain disruptions...

"A second shift has begun at its Normal, Illinois plant, but Rivian has not increased its goal of producing 25,000 vehicles in 2022.

"Soros also remains negative on Lucid Group."



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