Rivian Stock Drops After It Cuts Production Guidance - The Wall …

Oct 4, 2024 · 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 …

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Rivian Stock Drops After It Cuts Production Guidance - The Wall …

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Oct 4, 2024 · 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 …

wsj.com

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Rivian Shares Fall 3% After It Slashes 2024 Production Guidance

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Oct 7, 2024 · Shares of Rivian Automotive, Inc. RIVN fell 3.2% to $10.44 after it announced third-quarter 2024 production and delivery results and lowered its 2024 production guidance. The …

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Rivian Shares Drop After EV Maker Slashes Production Target

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Oct 4, 2024 · Rivian’s stock fell 3.3% as of 9:37 a.m. in New York, paring an earlier drop of as much as 7.2%. The shares had plunged about 54% already this year. The tempered production goal marks the latest setback for a company that’s already been contending with multiple supply chain snags and a broader slowdown in consumer demand for EVs.

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Rivian’s Stock Sinks As Parts Supply Shortage Leads To Big Deliveries ...

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Oct 4, 2024 · The stock’s selloff has reduced the value of Amazon’s investment in Rivian by more than $2 billion in 2024 Last Updated: Oct. 4, 2024 at 10:31 a.m. ET First Published: Oct. 4, …

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Why Rivian Stock Is Sinking Today | The Motley Fool

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Dec 18, 2024 · Today, one Wall Street analyst released a report downgrading the stock, and shares are sinking as a result. After dropping more than 5%, the stock was still down by 4.2% …

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Rivian Stock Sinks After Solid Quarter As Wall Street Is ‘torn’ About ...

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Rivian’s shares RIVN dropped more than 9% on Wednesday, a day after the company reported second-quarter results that topped Wall Street views and raised its production guidance for the …

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Rivian Stock Tanks To All-time Low After Job Cuts, Slash In Production ...

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Rivian stock fell more than 27% in midday trading on Thursday. For the quarter, Rivian reported top-line revenue of $1.32 billion vs. estimates for $1.25 billion, with an adjusted loss per share ...

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Rivian Stock Jumps While Production Falls In Q4. What Investors …

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Jan 3, 2025 · Investors love optimism, and Rivian’s update gave them a reason to hope for better days, especially after a tough year that saw the stock dip about 35%. Wall Street expects …

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Rivian Stock Falls. Production Is A Problem. - MSN

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The new full-year production guidance is 47,000 to 49,000 vehicles, lower than 2023 production. ... Gianarikas rates shares Buy and cut his target price to $28 from $30 a share. ... Rivian …

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Rivian’s Stock Tanks After EV Maker Expects Flat Production For The ...

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Feb 21, 2024 · Rivian’s production guidance spooks investors; company to lay off about 10% of its salaried employees Last Updated: Feb. 21, 2024 at 6:23 p.m. ET First Published: Feb. 21, …

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Why Rivian Stock Fell 14% In August After A Massive Rally

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Sep 9, 2024 · The plant is now also ready to ramp up production of EVs on Rivian's second-generation platform. Moreover, Rivian also reiterated its full-year production guidance of 57,000 units despite lower ...

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Why Rivian Stock Fell 14% In August After A Massive Rally

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Sep 9, 2024 · Rivian Automotive (RIVN-2.29%) stock gained a staggering 84% in the three months between May and July. That seemingly unstoppable rally ground to a halt last month, with the electric vehicle (EV ...

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Why Is Rivian Stock So Low, And Can Rate Cuts Push RIVN Higher?

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Sep 23, 2024 · While Rivian stock has come off its record lows, it is still down about 50% for the year, and trades below $12 per share, with a market cap of less than $12 billion.When the startup electric ...

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Here’s Why Rivian Automotive Inc. (NASDAQ:RIVN) Crashed Today

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Jan 7, 2025 · Rivian Automotive Inc. (NASDAQ:RIVN) Rivian Automotive’s shares dropped by 4.7 percent on Monday to finish at $15.72 each as investors pocketed early gains after delivering …

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Rivian Stock Drops After EV Maker Forecasts Flat Production, …

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Stock Market News, Feb. 21, 2024: Nvidia Shares Climb After Its Earnings Land ... EV Maker Rivian to Cut Salaried Workforce by 10%. Startup signals flat production for 2024, falling short …

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Rivian Automotive Snaps Six Days Of Losses (NASDAQ:RIVN)

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18 hours ago · Shares of Rivian Automotive (NASDAQ:RIVN) snapped six straight sessions of losses, as the stock closed nearly 4.5% higher at $13.94 on Wednesday. The California-based …

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FAQs about Rivian Stock Drops After It Cuts Production Guidance - The Wall … Coupon?

Why did Rivian stock drop 6% Friday?

Investing.com -- Rivian (NASDAQ: RIVN) shares dropped more than 6% Friday after the company cut its full-year production forecast and revealed a significant setback in its production plans due to a shortage of a shared component used in both its R1 and RCV platforms. ...

Why did Rivian stock fall?

Rivian’s stock falls after quarterly deliveries show a sharp drop and full-year production outlook was cut. Photo: Rivian Automotive Inc. ...

Why did Rivian stock tank after the bell?

Rivian (RIVN) stock tanked after the bell on Wednesday after the electric adventure vehicle maker reported mixed fourth quarter results and a production and profit forecast that missed Wall Street expectations. Rivian said it sees vehicle production for 2024 hitting 57,000 units, well below the 80,000 units expected. ...

Will Rivian cut its workforce in 2024?

Rivian also announced it will reduce its salaried workforce by roughly 10% to cut costs in the near term. Looking ahead to 2024, Rivian issued guidance for 57,000 vehicles produced -- far below Wall Street's estimates for 81,700 units. ...

Why did Rivian Automotive stock jolt Friday?

Photo: Rivian Automotive Inc. Shares of Rivian Automotive Inc. were jolted Friday trading, after the electric vehicle maker missed quarterly deliveries expectations by a wide margin as due to a supply shortage, which prompted a cut to full-year production guidance. ...

Why does Rivian have a parts shortage?

Parts shortages are to blame. “Rivian is experiencing a production disruption due to a shortage of a shared component on the R1 and RCV platforms,” said a company news release. The RCV is Rivian’s commercial vehicle made for Amazon.com. ...