Find out why Rivian stock is plummeting and facing uncertainties in the EV market!
Rivian, the electric adventure vehicle maker, has recently experienced a drastic downturn in its stock value. JPMorgan's downgrade from $20 to $11 due to slow growth set a negative tone for investors. The company's decision to lay off 10% of its workforce, coupled with weak production guidance, has further fueled concerns about its future. With Rivian's stock hitting all-time lows and projections pointing towards bankruptcy, the once-promising EV startup is facing a challenging road ahead.
Despite the bleak outlook, Rivian continues to struggle as it navigates through a turbulent period in the EV industry. The company's key competitor, Lucid Group, is also facing challenges, adding to the overall turmoil in the market. Analysts and investors alike are closely watching how Rivian will weather this storm and whether it can turn its fortunes around.
On the brighter side, Amazon remains a significant shareholder of Rivian, showcasing ongoing interest and support from key players in the industry. Despite the hardships, Rivian's innovative approach to electric vehicles, particularly with its new SUV, continues to attract attention and optimism from some analysts. The coming months will be crucial for Rivian as it strives to regain stability and investor confidence in a highly volatile market.
As investors digest the recent downgrade of Rivian Automotive Inc (NASDAQ:RIVN) by JPMorgan, a closer look at the financial health and market performance of the ...
Rivian stock plummeted early Thursday after the EV startup reported Q4 earnings and revenue Wednesday. Elon Musk says its trajectory is toward bankruptcy.
Rivian shares traded sharply lower in premarket trading Thursday after the EV maker issued 2024 production guidance significantly below estimates.
Electric adventure vehicle maker Rivian reported fourth quarter results after the bell on Wednesday.
In a bad week for EV makers, Rivian Automotive said it will lay off about 10% of its staff while Lucid Group projected it would only build a fraction of the ...
RIVN stock is in the red after providing weak 2024 production guidance. Amazon remains the largest shareholder of the company.
Rivian had a mixed quarter, with losses mounting and guidance poor. Analysts are lowering the targets and driving the market to new lows.
By Ciara Linnane. EV maker's stock slides more than 20%, on track for a record low; analysts stick with buy ratings. Rivian Automotive Inc. is staring down ...
Well, that didn't turn out very well. Investors decided there wasn't all that much to like about Rivian's (NASDAQ:RIVN) latest quarterly readout, ...
Electric adventure vehicle maker Rivian reported fourth quarter results after the bell on Wednesday.
Rivian stock is falling hard on Friday as RIVN investors react to a warning from Morgan Stanley and a weak EV production guidance for 2024.
(Bloomberg) -- Rivian Automotive Inc.'s shares fell the most on record after the electric-vehicle maker issued a disappointing production forecast and ...
The electric vehicle maker delivered a mixed quarter and disappointing forward guidance, and announced a 10% workforce reduction.
Joining me on the call today are Matt Oppenheimer, co-founder and chief executive officer of Remitly; and Hemanth Munipalli, our chief financial officer. Our ...
You work hard and come up with something you think people will like, but the red ink keeps flowing. Some electric vehicle makers may be wondering when the good ...
Shares of electric vehicle makers Rivian and Lucid fell Thursday after the companies reported stagnant production in their fourth-quarter earnings.
Good morning, and welcome to Glatfelter's 2023 fourth quarter earnings conference call. This is Ramesh Shettigar, senior vice president, chief financial officer ...
Fool.com contributor Parkev Tatevosian reviews Rivian's (NASDAQ: RIVN) latest quarterly update, answers why the stock price is crashing, and lets investors ...
Shares of Rivian Automotive (NASDAQ: RIVN) plummeted 25.6% on Thursday, following the electric vehicle (EV) maker's release on the prior afternoon of its ...
Shares of Rivian Automotive (NASDAQ: RIVN) plummeted 25.6% on Thursday, following the electric vehicle (EV) maker's release on the prior afternoon of its ...
Rivian gave investors a disappointing target for vehicle production in 2024.
Rivian Automotive Inc. emerged as a darling of investors โ a brand with promise of bringing the โcoolโ factor to the once-red-hot market for electric ...
You work hard and come up with something you think people will like, but the red ink keeps flowing. Some electric vehicle makers may be wondering when the good ...