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Rivian lowers its production forecast for 2024
The US electric car manufacturer Rivian is lowering its production forecast for this year to between 47,000 and 49,000 electric vehicles. Although the company kept reaffirming its earlier production target,
Rivian lowers annual production forecast due to parts shortage, shares drop
Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a parts shortage and slowing growth in electric-vehicle demand, sending shares of the startup down nearly 9%.
Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
Shares of Rivian Automotive dropped more than 6% in midday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production forecast for 2024.
Rivian Production Forecast Drop, Shares Dive
Rivian cut its 2024 production targets. It said parts shortages was the reason. It hardly matters. It is in big trouble.
Rivian shares drop after EV maker slashes production target
Rivian Automotive Inc. shares tumbled after the automaker cut its annual production target, citing a worsening supply crunch at its lone US assembly plant. The company now expects production to drop as much as 18% this year,
13h
on MSN
Rivian's profit target may reset after production update
Rivian Automotive (RIVN) dropped about 4% on Friday after the company trimmed its full-year production guidance. The electric ...
2d
on MSN
Rivian now says it will make fewer electric vehicles this year than it did in 2023
Rivian said it would make fewer electric vehicles this year than it did in 2023, resulting from a parts shortage. The news ...
9h
Bad News For Rivian (Rating Downgrade)
Rivian's lowered production outlook suggests widening losses per EV sold. Read why I am downgrading RIVN shares from Strong ...
2d
Rivian deliveries fall as component shortage slows production
Rivian said on Friday it will build fewer vehicles this year than it did in 2023 due to a supply chain problem that popped up ...
2d
on MSN
Rivian applies for federal loan to restart Georgia EV factory construction
Rivian Automotive has applied for a federal loan to enable the construction of its electric vehicle factory in Georgia, ...
2d
Rivian Seeking Federal Loan to Restart Georgia EV Plant Project
Rivian Automotive Inc. has applied for a federal loan to fund construction of a new electric vehicle plant in Georgia, a ...
2d
on MSN
Should You Buy Rivian While It's Below $12?
Right now, Rivian's sales base is around $5 billion. That's roughly where Tesla's sales base was in early 2017, just before ...
2d
on MSN
Rivian’s stock sinks as parts supply shortage leads to big deliveries miss
Rivian’s stock took a dive Friday, after the electric vehicle maker said it was experiencing a supply shortage, prompting a ...
2d
Rivian Automotive cuts vehicle production goals by at least 14% for 2024
A supply shortage continues to hurt Rivian Automotive Inc., an electrical-vehicle company that earlier this year paused plans ...
2d
Why Rivian Stock Plunged Friday
Rivian shares plunged as much as 8% when the company notified investors of a part supply shortage issue. The stock remained ...
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