Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
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The EV maker says that it’s still on track to produce 50,000 electric vehicles this year.
The American EV manufacturer has been suffering from macroeconomic headwinds and supply chain issues.
The company is seeking to raise $1.3bn even as it ended 2022 with $12bn on its balance sheet.
In a market filled with disastrous earnings and plunging prices, EV maker Rivian offers a rare bright spot with its FY target.
What’s the simplest way for an EV company to anger its consumers? Well, take away all of their EVs, of course.
It’s the end of the month, and you know what that means… EV production numbers hit the market, and this time they’re rounding up quarterly progress as well.
Rivian’s wheels are a lil bit stuck in the supply chain mud, but investors pull the stock out the red after seeing its target-meeting production plans.
Rivian proves all the haters wrong as a production ramp-up sends it racing towards the completion of some ambitious goals.
After hitting its lowest price ever on Wednesday, shares zoomed ahead after hours when earnings promised clearer roads ahead.
Rivian’s post-IPO stock lock-up comes to the end of its road, and shares hit a new all-time low after big dog investors decide they’re gonna get out here and catch a ride elsewhere.
Rising EV star Rivian sees its shares shift down a gear despite its full-speed ahead production plans.
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