Rivian Automotive (RIVN) Raises FY23 Production Guidance to 54,000 EVs from 52,000
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Rivian (RIVN) gains 4% after market following raised production forecasts
November 8, 2023 9:01 AM ESTRivian (NASDAQ: RIVN) raised their yearly production forecasts by 2,000 vehicles to reach 54,000 units as demand for the automakers electric trucks sent the companys shares up 4% in volatile after-hours trading on Tuesday.
Rivian's optimistic forecast serves as a positive for an industry grappling with the challenges of elevated inflation, which has dampened... More
Rivian Automotive (RIVN) Misses Q3 EPS by 10c
November 7, 2023 4:06 PM ESTRivian Automotive (NASDAQ: RIVN) reported Q3 EPS of ($1.44), $0.10 worse than the analyst estimate of ($1.34). Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.31 billion.
Due to the progress experienced on our production lines, the ramp of our... More