The electric vehicle stock is falling further because of one big reason.What goes up must come down. Rivian Automotive (RIVN 0.48%) stock's jaw-dropping rally in the three months through July appeared unsustainable, and that's what investors are witnessing now. The electric vehicle (EV) stock has slumped by double-digit percentages for two straight months now. After losing nearly 14% of its value in August, shares of Rivian have crashed another 20.6% in September, according to data provided by S&P Global Ma ...

Rivian may not be making SUVs in Georgia anytime soon.Rivian (RIVN 0.48%) is struggling with its production and just announced a new plant will be delayed for longer than expected. The challenge is getting dire because Rivian will run out of cash without some massive capital raises soon. In this video, Travis Hoium shows exactly why Rivian needs to raise about $10 billion to get its next plant off the ground.*Stock prices used were end-of-day prices of Oct. 7, 2024. The video was published on Oct. 7, 2024. ...

Shares of Rivian Automotive, Inc. (RIVN) fell 3.2% to $10.44 after it announced third-quarter 2024 production and delivery results and lowered its 2024 production guidance. The electric vehicle maker (EV) produced 13,157 vehicles at its manufacturing facility in Normal, IL, down from 16,304 units in the same quarter of 2023. It delivered 10,018 vehicles, down from 15,564 units in the same period last year. Deliveries also missed expectations. FactSet's compiled analyst estimates anticipated third-quarter de ...

One of these companies you know well. The other may be a surprise.With proper insight and timing, an investor could have profited mightily from electric vehicle (EV) sector in recent years. For instance, had you invested $1,000 into Tesla (TSLA 3.91%) when its shares went public in June 2010, you'd have more than $156,000 today. Nowadays, many investors are looking for the next Tesla. If that's your goal, pay attention to the two companies on this list. Looking for the next Tesla? Here it is.While many inve ...

As Rivian's stock falls, its options dwindle.Rivian (RIVN -3.15%) announced this morning that it will only produce 47,000 to 49,000 vehicles this year, down from a previously expected 57,000 vehicles. Management blamed supply shortages, but this highlights operational challenges at the company, which Travis Hoium discusses in this video.*Stock prices used were end-of-day prices of Oct. 4, 2024. The video was published on Oct. 4, 2024. ...

Rivian stock keeps falling. Is now finally the time to buy?Rivian (RIVN -3.15%) stock can't catch a break. Last month, I explored whether investors should buy the stock after its value fell below $13 per share. Following another decline, Rivian shares are now priced below $12 -- just pennies above the $11 mark.Now trading at its cheapest valuation in years, is now finally the time to buy this growth stock? The answer for many investors is yes -- but there's a catch.Rivian stock clearly has massive upside po ...

Shares of Rivian (RIVN, Financial) experienced a significant decline of 4.87% following the company's announcement to lower its annual 2024 production estimate, citing ongoing supply chain issues. The stock is currently trading at $10.25.Rivian Automotive Inc, listed under the ticker RIVN, faces a series of challenges that are impacting its market performance. The company's recent production estimate adjustment underscores persistent supply chain disruptions and component shortages that have hindered its ma ...

Key TakeawaysRivian missed quarterly delivery expectations and cut its 2024 production guidance as it faces a parts shortage.The EV maker said it has difficulty getting a component used in production of its R1S SUV and RCV commercial van.Rivian said the problem began in the third quarter and has become more acute in recent weeks. Rivian Automotive (RIVN) shares sank Friday as the electric vehicle maker missed third-quarter delivery estimates and slashed its full-year production outlook because of difficulti ...

Rivian Automotive (RIVN, Financial) faces a setback as it cuts its FY24 production guidance by up to 10,000 units due to worsening component shortages. This follows earlier warnings from CEO Robert Scaringe about supplier-related issues. Despite this, Rivian had maintained its guidance, showing some optimism in overcoming these challenges.RIVN's revised FY24 production outlook is now 47,000-49,000 vehicles, down from 57,000. This announcement has caused a sharp decline in share prices, which have dropped ne ...

Electric vehicle manufacturer Rivian’s (NASDAQ: RIVN) share price is recording losses following the company’s release of new production guidance for 2024.Rivian has faced sustained weakness, struggling to establish a foothold above the $10 support level. Over the past month, the stock has corrected by 22%, while its weekly chart reflects an almost 10% drop. The downward trend extended into the October 4 trading session, where RIVN was valued at $10.28 as of press time, marking a 4.6% drop in the past 24 hou ...