Rivian's Rocky Q3: Buy the Stock Now on Strategic Moves or Wait?
RIVNRivian Automotive(RIVN) ZACKS·2024-11-08 22:21

California-based electric vehicle (EV) company Rivian Automotive (RIVN) reported its third-quarter 2024 results, which fell short of Wall Street’s expectations. The EV maker faced significant challenges, particularly in production and supply chain disruptions, which impacted its revenues and profitability. CEO RJ Scaringe described the quarter as challenging, and the company widened its full-year loss expectations. On a slightly positive note, management reaffirmed its 2024 delivery outlook and maintained i ...