Rivian Shares Fall 3% After It Slashes 2024 Production Guidance
Rivian Automotive(RIVN) ZACKS·2024-10-07 23:16
Shares of Rivian Automotive, Inc. (RIVN) fell 3.2% to $10.44 after it announced third-quarter 2024 production and delivery results and lowered its 2024 production guidance. The electric vehicle maker (EV) produced 13,157 vehicles at its manufacturing facility in Normal, IL, down from 16,304 units in the same quarter of 2023. It delivered 10,018 vehicles, down from 15,564 units in the same period last year. Deliveries also missed expectations. FactSet's compiled analyst estimates anticipated third-quarter de ...