RIVN Stock Drops as Rivian Reduces Production Forecast

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 ...