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Rivian cuts production forecast, citing supply chain issue
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 Stock Drops After It Cuts Production Guidance
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 already fallen by more than half this year.
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.
9h
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 ...
10h
on MSN
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 ...
1h
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 ...
12h
Why Rivian Stock Plunged Friday
Rivian shares plunged as much as 8% when the company notified investors of a part supply shortage issue. The stock remained ...
8h
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 ...
11h
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 ...
13h
on MSN
Cramer's Mad Dash: Rivian
CNBC’s Jim Cramer delivers his daily Mad Dash. 35 foods that you might not know are banned in the US Stevie Nicks is ...
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