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Uh-Oh Libs: Rivian set to hire 600 workers based on economic outlook
| ...,....,,........ | 10/23/25 |
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Date: October 23rd, 2025 4:05 PM Author: ...,....,,........ Oh, my bad, I mean FUCKING FIRE 600 workers due to Trump killing the EV Credit.
The expiration of a $7,500 U.S. federal tax credit for purchases of new EVs last month is expected to drive up prices and further weaken demand, posing a fresh challenge for automakers such as Rivian already grappling with mounting cost pressures.
Rivian has struggled to achieve consistent profitability due to costs related to ramping up of production, tariffs and intense competition from Tesla (TSLA.O), opens new tab and traditional automakers.
High tariffs on imported auto parts have driven up manufacturing costs and squeezed margins for EV makers, forcing them to revamp supply chains, curb reliance on foreign components and boost U.S. investment in line with the Trump administration policy. |