Rivian Stock Falls. Production Is a Problem.
The company revises its 2024 production guidance midpoint to 48,000 vehicles, down from prior guidance of 57,000 vehicles.
Rivian Stock Drops After It Cuts Production Guidance
Shares of Rivian fell after the electric-truck maker cut its production guidance for the year due to a component shortage. The stock recently stood about 7% lower. Shares had already fallen by more than half this year.
Rivian Stock Drops Amid Lowered Production Forecast and Supply Chain Issues
Shares of Rivian Automotive plummeted by as much as 8.9% during intraday trading on Friday after the electric vehicle (EV) startup announced lower-than-expected vehicle deliveries for the third quarter and slashed 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 cuts production forecast, citing supply chain issue; its stock dips
Electric vehicle maker Rivian cut its production targets this week amid an ongoing supply shortage, causing its stock to drop more than 3% on Friday.
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’s stock dives after production outlook was cut due to parts shortages
Rivian’s stock took a dive Friday, after the electric vehicle maker said it was experiencing a supply shortage, prompting a cut to its full-year production guidance.
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,
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 in the third quarter and has
Rivian Stock Falls After EV Maker Misses Delivery Estimates, Warns of a Parts Shortage
Key Takeaways Rivian missed quarterly delivery expectations and cut its 2024 production guidance as it faces a parts shortage ...
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 ...
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 ...
What Happened With Rivian Stock Today?
Rivian Automotive shares fell nearly 7% Tuesday amid the ongoing port workers strike and escalating conflict in the Middle ...
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 ...
Rivian: Is Stock a Bargain Buy with 60% Upside Potential?
Shares of Rivian have struggled to get back on track after last month’s dip. However, several analysts are calling the stock ...
What's Going On With Rivian Automotive Stock?
Rivian Automotive shares are trading higher Monday. The Biden administration proposed a ban on the import and sale of Chinese ...
More Terrible News for Rivian Stock
Should you invest $1,000 in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what ...