Tag: $Rivian

Biden Administration to Lend $6 Billion for Rivian E.V. Factory

The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.

Rivian lowers annual production forecast due to parts shortage

Rivian said on Friday it slashed its full-year production forecast and delivered fewer vehicles in the third quarter than analysts had expected, as the startup grapples with a parts shortage and slowing growth in electric-vehicle demand.

EV maker Rivian halts production of Amazon delivery vans amid parts shortage

Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com  due to a shortage of parts, a spokesperson for the electric vehicle manufacturer said on Friday.

Rivian sticks to flat production outlook for 2024, expects deliveries dip in Q3

Rivian on Tuesday stuck to its forecast that production would not rise this year and said deliveries in the third quarter would be slightly lower, as the EV maker races to rebuild inventory after a factory shutdown in April designed to cut costs.

Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture

Rivian (RIVN) shares surged in premarket trading Wednesday after the EV maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing fresh capital into Rivian’s coffers.

Rivian Stock Slides. Earnings Reveal More Losses.

Rivian Automotive stock was sliding after the company reported earnings after the close on Tuesday.

Rivian shows off smaller, less expensive EVs, hastens delivery plans

Rivian on Thursday introduced its smaller, less expensive electric R2 SUVs and R3 crossovers with plans to start producing the R2 at its existing U.S. factory to hasten deliveries in the first half of 2026.

Rivian and Lucid Stocks Are Diving. The EV Story’s New Twist.

Electric-vehicle startups Rivian Automotive and Lucid Group both reported fourth-quarter numbers on Wednesday evening, with guidance that came up short. 

Rivian raises production target amid broader EV demand fears

Nov 7 (Reuters) – Rivian Automotive raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand for its trucks and SUVs on Tuesday, sending its shares up 4% in volatile after-hours trading.

EV maker Rivian plans $1.5 bln convertible bond sale, shares fall

Oct 4 (Reuters) – Electric-vehicle maker Rivian Automotive (RIVN.O) on Wednesday said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line with estimates.

Rivian Raises Production Forecast as Results Surprise Wall Street

The EV start-up Rivian Automotive delivered second-quarter results that beat Wall Street estimates and raised its forecast for production for the full year. Shares were falling in after-hours trading anyway.

Rivian ‘Finally’ on Track to Execute Business Model, Analyst Says. The Stock Is Rising.

Rivian Automotive was rising Friday after the price target on shares of the electric-vehicle maker was raised by an analyst who said the company was “making a major turn
towards executing on its longer-term business model.”

Rivian shares surge as second-quarter EV deliveries top estimates

Shares of Rivian Automotive jumped 17.4% on Monday after the electric vehicle maker beat Wall Street expectations for quarterly deliveries.

Rivian shares surge as second-quarter EV deliveries top estimates

Shares of Rivian Automotive jumped more than 16% in early trading Monday after the electric vehicle maker beat Wall Street expectations for quarterly deliveries.

Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target

Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023.