Rivian’s stock tanks after EV maker expects flat production for the ...

Feb 21, 2024 · Rivian Automotive Inc.’s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing slightly fewer …

15%
OFF

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

2 weeks from now

Feb 21, 2024 · Rivian Automotive Inc.’s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing slightly fewer …

marketwatch.com

10%
OFF

Rivian Stock Drops After EV Maker Forecasts Flat Production, …

2 weeks from now

Feb 21, 2024 · Shares of Rivian were falling in post-market trading after the EV maker said it expects its vehicle output to be flat this year. The company also said it would lay off 10% of its …

wsj.com

$5
OFF

Rivian Sticks To Flat Production Outlook For 2024, Expects …

2 weeks from now

Aug 6, 2024 · Tuesday's results followed Volkswagen Group's $5 billion investment in Rivian last month as part of a new joint venture to share expertise in EV architecture and software …

usnews.com

15%
OFF

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

2 weeks from now

Feb 21, 2024 · Rivian Automotive Inc.’s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing slightly fewer …

news930.com

15%
OFF

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

2 weeks from now

Feb 21, 2024 · Rivian Automotive Inc.'s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing slightly fewer …

morningstar.com

3%
OFF

Rivian Stock Drops After EV Maker Slashes Production Target

2 weeks from now

Oct 4, 2024 · Rivian shares drop after EV maker slashes production target By Ed Ludlow, ... Rivian’s stock fell 3.3% as of 9:37 a.m. in New York, paring an earlier drop of as much as …

chicagobusiness.com

$1
OFF

Rivian Stock Tanks After EV Maker Sees Production Constraints …

2 weeks from now

Rivian RIVN said it lost $1.2 billion, or $12.21 a share, in the third quarter, compared with a loss of $288 million, or $2.88 a share, in the year-ago quarter, on higher operating losses, the ...

marketwatch.com

FAQs about Rivian’s stock tanks after EV maker expects flat production for the ... Coupon?

Why did Rivian Automotive stock fall 15%?

Rivian Automotive Inc.’s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing slightly fewer vehicles this year than it did in 2023, saying rising interest rates and other economic pressures had “informed” its decisions for the year. ...

How many EVS will Rivian make this year?

Rivian said it now expects to make as many as 49,000 vehicles this year, down from an earlier view of 57,000. Analysts’ average estimate was 55,295. Rivian still expects to deliver between 50,500 to 52,000 EVs this year, it said. ...

Why are Rivian shares falling?

Shares of Rivian were falling in post-market trading after the EV maker said it expects its vehicle output to be flat this year. The company also said it would lay off 10% of its salaried workforce. Shares were down about 15% in after-hours trading. Startup signals flat production for 2024, falling short of Wall Street forecasts. ...

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 be a successful EV maker?

Rivian hopes to be as successful with the cheaper EV as it was with its first EVs, he said. Rivian also said it would lay off about 10% of its salaried employees. Analyst Tom Narayan with RBC Securities called the EV maker’s quarterly report “messy.” ...

Will Volkswagen's $5 billion investment in Rivian help sustain EV's cash balance?

Still, investors said Volkswagen Group's $5 billion investment in Rivian as part of a new joint venture to share expertise in EV architecture and software development could help sustain the U.S. EV maker's cash balance till it starts selling its R2 mid-size SUVs unveiled earlier this year. ...