Tag Archives: Rivian

(Reuters) – Electric vehicle maker Rivian Automotive Inc said on Tuesday it is on track to achieve its production target of 25,000 vehicles this year, sending its shares up 2.4% in extended trading. The company said it had made 2,553 vehicles and delivered 1,227 cars in the first quarter. It produced 1,015 vehicles and delivered 920 last year after starting deliveries of its R1T pickup truck towards the end of the third quarter. Rivian said last month that supply-chain issues could cut its… Source link

Rivian (RIVN) is expected to report its fourth quarter and full year 2021 results on Thursday after the closing bell. These are the consensus estimates expected by Wall Street analysts for the electric vehicle startup’s Q4 top and bottom line results, as compiled by Bloomberg data:  Adjusted loss per share: – 2.05 Revenue: $63.99 million The Irvine, California–based company is pre-profitable and still in the process of ramping up its production. Rivian produced 1,015 vehicles and delivered… Source link

Some haywire moves higher in money-losing electric vehicle makers such as Rivian and Lucid hint at the stock market forming an unhealthy bubble, argues Matt Maley, Miller Tabak chief markets strategist.  “It’s just a sign of an unhealthy stock market,” Maley said on Yahoo Finance Live. That may be an understatement.  While Rivian’s stock price (RIVN) plunged 15% to close at $146.07 on Wednesday, shares at one point on Tuesday were more than double the company’s IPO pricing of $78 from last… Source link

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By Ben Klayman DETROIT (Reuters) -Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com Inc , Ford Motor Co and T. Rowe Price. The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant. Reuters, citing unnamed sources, reported on Thursday that Rivian’s planned plant, dubbed “Project Tera,” will include battery cell production. “As we near the start of vehicle… Source link

(Reuters) -Amazon.com Inc-backed electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written by its CEO to customers. Rivian, seen as a potential Tesla Inc rival, said the timing for the first deliveries of its R1T pickup initially slated for July has now been pushed to September, while that of R1S SUVs have been delayed until the fall. “The cascading impacts of the pandemic have had a… Source link