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Rivian stock ... Rivian boosted its full-year forecast to 54,000 from 52,000 units. Its prior forecast of 52,000 units was lifted earlier in the year from 50,000.
The company said its new production forecast for 2023 will be 50,000 vehicles, below analyst estimates of around 63,000 units. Rivian is also projecting a 2023 adjusted EBITDA loss of $4.3 billion ...
Rivian stock fell more than 27% in midday trading on Thursday. For the quarter, Rivian reported top-line revenue of $1.32 billion vs. estimates for $1.25 billion, with an adjusted loss per share ...
In terms of its cash cushion, Rivian said it had $5.98 billion at the end of Q1 versus $7.86 billion at the end of Q4. Last month, the company reported first quarter R1T and R1S production of ...
Rivian stock has been on a roll recently, climbing over 34% in the past three months, and up nearly 20% for the year. Rivian boosted its full-year production forecast to 54,000 from 52,000 units ...
Rivian's stock is down more than 90% from all-time highs to a market cap of $11 billion as the company posts heavy losses each quarter and slowing delivery growth.
Rivian's stock has lost more than a third of its value this year, even after its best-ever one-day gain of 23% on Wednesday, partly due to the company sticking to its production forecast of 57,000 ...
In exchange, Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional ...