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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 Cuts Production Guidance on Component Supply Shortage
Rivian cut its production guidance for 2024 due to a vehicle-component shortage, but reaffirmed its delivery target for the year. The electric car maker said that due to a shortage of a shared component on the R1 and RCV platforms,
1h
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 ...
7h
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 ...
5h
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 ...
5h
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 ...
1d
on MSN
Rivian R1T Still Works After Being Swept 100 Yards By Hurricane Helene Flood
Rivian Unveils Trio of New Electric Vehicles First spotted by InsideEVs via a Facebook post, Joshua Vincent Sauer posted a ...
Automotive News
4h
Rivian reports 36% drop in Q3 sales, slashes full-year production forecast on parts shortage
It said it will report third-quarter earnings Nov. 7. In the second quarter, Rivian reported a net loss of $1.5 billion, 21 ...
Electrek
9h
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 ...
8h
on MSN
Rivian's Q3 Sales Stumbled. Here's Why
This means that Rivian's annual production and delivery targets have been revised. The automaker expects to produce between ...
autoevolution
1d
The R1T That Survived Hurricane Helene in Asheville Has Become a Rivian Rolling Billboard
An R1T truck that survived a massive flood in Asheville, NC, during Hurricane Helene despite being engulfed in mud has become ...
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