Entertainment Rivian stock turns into the plus: Surprising resignation of the COO

21:16  11 january  2022
21:16  11 january  2022 Source:   finanzen.net

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The electric car startup Rivian is still in turbulence. An important leadership throws the towel, the timing is conceivably unfavorable. The stock reacts.

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• Rivian loses COO

• Departure planned

for months.

• Notwent in the middle of production hood Rod Copes, since 2020 Chief Operating Officer at the Stock Exchange


, has the electric car Exit startup.

Departure in the midst of the production hood

According to Wall Street Journal, the top manager took his hat. According to his LinkedIn profile, the departure was already about a month ago, but was not publicly announced. His resignation was accompanied by the start of production for the first three models of electric autobauer.

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The sheet is reported to a spokeswoman that the withdrawal of Copes has been planned for months, his tasks were distributed to the leadership team.

Stock Exchange With Problems in Targeting

The COO resignation comes to a difficult time for Rivian. After a successful IPO in November, the electro-building had to grant to be able to comply with its goal of around 1,200 vehicles produced in 2021. You will be the target for "some hundred vehicles", it was called from enterprise.

At the start of the week, Rivian was concretely: in the full year 2021 rolled a total of 1,015 vehicles from the band, 920 were transferred to customers. Rivian Share Under pressure The Rivian share first came under pressure after the COO departure becomes known. In the trade at the NASDAQ, the share certificate was temporarily lost 1.89 percent to $ 79.96. In the course, however, the paper creates the leap into plus and recently recorded 3.62 percent in the plus at $ 84.38. Already in the first trade week 2022, the company had to digest a bad news, as a major customer Amazon had completed a transporter deal with the carmaker Stellantis . The message had the Rivian share to abort an

record low

. Since the start of the year, the share certificate has already lost about 21 percent.

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