Last week, Rivian Automotive (NASDAQ:RIVN) drastically slashed its 2024 outpout goal over yet another supply chain disrution. Bloomberg reported that a communication blunder left the EV maker without critical supplies. With this big blow to its supply chain, growth is in for a major setback this year as this supply chain fumble will cost Rivian 18% of this year's annual production.

Rivian Has Been Having A Hard Time

During the third quarter that ended on September 30th, Rivian made 13,157 EVs and delivered 10,018 of them, which was short of FactSEt's estimate of 13,000.

Due to a shortage of a component for its...