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Rivian shares fall
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 (RIVN) stock falls after cutting EV production plans, Q3 deliveries slip
After a supply shortage began in Q3, Rivian cut production plans for the year. It now expects to build between 47,000 and 49,000 vehicles this year, down from its previous 57,000 target. With another 13,157 vehicles built in Q3, Rivian’s production total reached 36,749 through September.
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, Georgia
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 project that had stalled after a cash crunch and change in strategy.
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, according to a filing by the Department of Energy.
Rivian seeking federal loan to restart construction of $5B Georgia plant
Rivian has applied for a federal loan to help finance the $5 billion EV factory it plans to build an hour east of Atlanta.
Techopedia
41m
Rivian Slashes 2024 EV Production Forecast Amid Parts Shortage and Lower Demand
EV production forecast due to parts shortage and lower demand. Company now expects to produce 47,000–49,000 units, down from ...
23h
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 ...
21h
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 ...
24/7 Wall St
2h
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.
1d
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 ...
8h
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 ...
13h
on MSN
Rivian R1T Defies Hurricane Helene Flooding, All It Needs Is A Good Wash
The Rivian R1T's owner had expected he would need to call his insurance company to say the truck was a total loss, but it ...
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