Rivian Has No Choice; It Has to Find a Way to Reduce Costs

In some ways, Rivian (RIVN -3.31%) is a smashing success. In others, it is still a risky work in progress. This year, the automaker is embarking on a major cost-cutting initiative that will actually take precedence over expanding its production. That's an interesting downshift for the company, but one that makes total sense if you take a second to examine its financial performance.Rivian has done great thingsIt is not easy building a manufacturing company from scratch. It's not cheap, either. Rivian had to ...