Rivian Automotive, Inc. Class A Common Stock (RIVN)
Rivian Automotive reports Q1 vehicle deliveries in line with guidance
Rivian Automotive Inc (NASDAQ:RIVN) has reported first quarter vehicle deliveries in line with prior guidance. The company produced 14,611 vehicles at its Normal, Illinois facility and delivered 8,740 vehicles during the quarter ending March 31, aligning with guidance of 14,000 and 8,000 respectively.
Rivian starts a challenging year with a big slip in deliveries
Rivian delivered just 8,640 vehicles in the first three months of 2024, the company's worst quarterly mark since the end of 2022. But the company says the slow start won't impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025.
Rivian Stock Falls as First-Quarter Deliveries Plummet
Rivian reports first-quarter deliveries of 8,640 vehicles, down 36% year over year but in line with company and Wall Street estimates. Analysts projected about 9,000 vehicles sold.
Rivian reports fall in first-quarter deliveries
Rivian reported a fall in first-quarter deliveries on Wednesday, as the electric vehicle maker grapples with part shortages and soft demand.
Why Rivian Stock Surged Today
Rivian (RIVN 6.87%) stock posted big gains in Tuesday's trading thanks to a pair of bullish catalysts. The electric vehicle (EV) company's shares ended the day up 6.4% amid the backdrop of a 0.3% gain for the S&P 500 and a 0.8% gain for the Nasdaq Composite.
Rivian CEO Says US Needs More Under $50K EVs To Catch Up To China: 'You Have To Have The Plumbing Right'
Rivian Automotive RIVN CEO RJ Scaringe didn't hold back at the NVIDIA GTC conference when he shared being upset at how far ahead China is than the U.S. in EV market share.
Rivian Spins Off 'Micromobility' Startup Also
Electric vehicle maker Rivian is spinning out a startup focused on small EVs designed for short trips, with investment from venture capital firm Eclipse. Rivian CEO RJ Scaringe and Eclipse partner Jiten Behl speak with Caroline Hyde on “Bloomberg Technology.
Jessica Inskip's Technical Scans: RIVN, T, SLB
Jessica Inskip returns to highlight stocks gaining attention in ways investors may have missed. She talks about Rivian's (RIVN) growing social media traction, AT&T's (T) tie to yields and SLB's (SLB) play on dividends and A.I.
Rivian (RIVN) Price Prediction and Forecast 2025-2030 for April 1
Shares of Rivian Automotive (NASDAQ:RIVN) popped 7.46% during a.m.
Here's Why Rivian Stock Is a Buy Before May 6
Rivian Automotive (RIVN -4.65%) reported full-year 2024 earnings in late February. Despite some operational issues during the year, it ended the fourth quarter on a positive note in one very important way.
Rivian: A Quiet Turnaround With The Software Segment In The Driver's Seat
Rivian's U.S. manufacturing limits its exposure to the 25% tariffs. That said, I expect some margin pressures from imported components sourced through Tier 2 and Tier 3 suppliers. I expect a strong upside from the software segment, which could deliver $1B in revenue (at a 30% gross margin) this year alone. Risks include regulatory risks, especially if the $7,500 EV credit and regulatory credits are eliminated, which could cut into 2025 revenue.
Why Rivian Stock Sold Off Today
Automotive stocks had a mixed Thursday after President Trump announced plans for additional new tariffs on imported vehicles and auto parts. Among the winners in that session was Rivian Automotive (RIVN -5.61%).
