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home / articles / TECH - Rivian CEO Warns Of Rocky Road Ahead As Production Revamp To Cause 'Messy' Q2 | Benzinga

TECH - Rivian CEO Warns Of Rocky Road Ahead As Production Revamp To Cause 'Messy' Q2 | Benzinga

Bio-Techne Corp

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO R.J. Scaringe cautioned investors on Thursday that the second quarter of 2024 could be challenging due to production disruptions.

What Happened: Scaringe, speaking at Bernstein’s 40th Annual Strategic Decisions Conference, said the EV company is experiencing a slowdown in the second quarter due to a production shutdown in early April implemented to integrate new equipment and hundreds of robots at Rivian’s Normal, Illinois factory.

"From an investor perspective, the second quarter's going to be messy," the CEO said as Full story available on Benzinga.com
Stock Information
Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com
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