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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 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 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.
Rivian, Georgia
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 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 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.
5h
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 ...
8h
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 ...
6h
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 ...
3h
Rivian R1T Survives Hurricane Helene’s Floodwaters and Continues to Run
In a surprising turn of events, a Rivian R1T that was submerged by the catastrophic floodwaters of Hurricane Helene has ...
7h
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 ...
17h
New downtown office IQHQ adds first tenants: Equinox, Rivian, others
It has yet to announce any life science tenants, which was the main aim of the 1.7 million-square-foot project.
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