Why Rivian Stock Dropped Again Today [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
Even though there hasn't any real negative news out of Rivian itself, shares have plunged by more than 50% in the last three months. Today's drop seems to be more of the same. Bigger-picture EV news that implies a continued drop in demand seems to be hitting Rivian particularly hard. Rivian stock was down 5.1% to start this trading week as of 11:45 a.m. ET Monday. EV makers cutting back One factor that hit Rivian shares recently was the decision by Ford Motor Company to cut pricing on its F-150 Lightning models by as much as $5,500. That vehicle is one of the only direct competitors to Rivian's R1T full-size electric pickup truck. The downward momentum continued today when EV leader Tesla told employees it would be laying off at least 10% of its global workforce . Tesla delivered about 9% fewer vehicles in the first quarter compared to last year's first quarter, which disappointed investors. But Rivian's first-quarter deliveries matched its expectations and the company says it
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RIVN
News
- Electric grid wars are a direct assault on the Western middle class [Yahoo! Finance]Yahoo! Finance
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses to Contact the FirmAccesswire
- Hybrid Vehicles Poised to Gain Market Share, Create Pathway to Meeting Auto Industry Environmental Goals as Regulatory Requirements, Dates Eased [Yahoo! Finance]Yahoo! Finance
- Rivian Shows Silver Linings Before Earnings [Seeking Alpha]Seeking Alpha
- Rivian Automotive, Inc. Class Action: Levi & Korsinsky Reminds Rivian Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 18, 2024 - RIVNAccesswire
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/29/24 - Form DEF
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- RIVN's page on the SEC website