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What history says happens to stocks if there’s a recession

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Reuters

For EV maker Rivian, delivery headache hits as market shuts down coffers

When Jeff Wells placed a reservation for a Rivian R1T pickup in early 2019, he was one of the first in line for a truck from the Amazon.com Inc-backed electric vehicle startup that at the time promised to tap in to a niche not served by other automakers. Wells is one of dozens of reservation holders who in recent weeks have complained about unreliable delivery timelines and delays in online groups and forums. The complaints mounted after Rivian Automotive Inc in late April said it was changing the production sequence of vehicles, prioritizing those with specific interior and exterior color and wheel options.

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