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Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.

Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.

Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production.

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric vehicle maker has grown too quickly, according to people familiar with the matter.

Apple Inc.’s Tim Cook was spotted in downtown Sun Valley July 7 taking a ride in a Rivian Automotive Inc. battery-electric pickup.

Rivian Automotive Inc. is shuffling its executive ranks in an effort to help the Amazon.com Inc.-backed company overcome growing pains.

Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

Rivian Automotive Inc. sank 21% after a media report that Ford Motor Co. is selling 8 million of its shares in the electric-pickup maker at a discount.

Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company’s production efforts despite local resistance to the project.