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.The EV maker said it has difficulty getting a component used in production of its R1S SUV and RCV commercial van.
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 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 (RIVN) stock falls after cutting EV production plans, Q3 deliveries slip
Rivian (RIVN) no longer expects to build as many vehicles this year as it did in 2023. After third-quarter deliveries fell, Rivian lowered its EV production plans for 2024. Heres
Rivian shares tumble as EV maker cuts production outlook due to parts shortage
Shares in Rivian fell Friday after the EV maker said it’s experiencing a production disruption. Here's what's going wrong.
Rivian Deliveries In Q3 Miss Views; 2024 Production Target Cut For This Reason
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