Tesla Rival Rivian Delivers Bad News [TheStreet.com]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: TheStreet.com
This is a tough time to be a start-up. New entrants into the electric vehicle market are facing a slew of challenges, including runaway inflation, supply chain hold-ups and Russia's invasion of Ukraine. Rivian Automotive ( ) -, which went public in November, is reportedly delaying delivery of its long-awaited SUV, the R1S, by one to nine months. Navigating a Tight Supply Chain Rivian did not immediately respond to a request for comment, but in a letter to customers posted on RivianForums, the company said that "we’ve continued to navigate a tight supply chain, we’ve had to reduce complexity wherever possible, including prioritizing certain build combinations over others." In addition, the company said, "we continue to prioritize deliveries in locations where service infrastructure is in place so that we can provide the full ownership experience to Rivian owners from day one," Rivian said. "My R1S Launch Edition moved from April-May 2022 to August-September 2022," one customer wr
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RIVN
News
- Here's why so many electric vehicle startups fail [MSNBC.com]MSNBC.com
- Tesla Stock Falls To Lowest Price Since Last January On Analyst Downgrade [Forbes]Forbes
- Rivian Automotive, Inc. (NASDAQ: RIVN) had its price target lowered by analysts at Needham & Company LLC from $18.00 to $13.00. They now have a "buy" rating on the stock.MarketBeat
- Rivian Automotive (RIVN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Rivian trims another 1% of workforce in latest layoff round [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/2/24 - Form 8-K
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- RIVN's page on the SEC website