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 (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, Georgia
Rivian said it would make fewer electric vehicles this year than it did in 2023, resulting from a parts shortage. The news ...
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 ...
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’s stock took a dive Friday, after the electric vehicle maker said it was experiencing a supply shortage, prompting a ...
A supply shortage continues to hurt Rivian Automotive Inc., an electrical-vehicle company that earlier this year paused plans ...
Rivian shares plunged as much as 8% when the company notified investors of a part supply shortage issue. The stock remained ...
A Rivian R1T owner from North Carolina has recently discovered something cool about his electric truck – it can be submerged ...
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