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Volkswagen increases Rivian investment
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Rivian gets big boost from $5.8 billion Volkswagen investment in joint venture
Analysts see the joint venture between VW and Rivian as shoring up many concerns about the U.S. EV maker's challenges.
Rivian shares surge on $5.8 billion Volkswagen investment in JV
The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to attract budget-conscious consumers. The joint venture,
6d
Rivian takes major revenue hit as supplier problem persists
Rivian
reported Thursday
revenue
of $874 million in the third quarter — more than 12% lower than analysts’ estimates — as ...
6d
on MSN
EV maker Rivian falls short of revenue projections for third quarter
The Irvine-based maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third ...
6d
on MSN
Rivian reports first drop in quarterly revenue since IPO, shows loss of $1.1 billion
Due to the shortage of a part used in the drive unit, Rivian last month slashed its full-year production forecast to between ...
Money Morning
8h
Three Stocks: Rivian, Cisco, and Spotify
Despite a 9% decline in product revenue, Cisco saw a 6% increase in services revenue. One standout was the robust growth in ...
Yahoo
1d
Rivian Appears Ready to Solve Its Biggest Problem. Is the Stock a Buy?
Hurt by supply constraints and the retooling of its factory,
Rivian
's third-quarter
revenue
plunged 35% year over year to ...
Shacknews
7d
Rivian (RIVN) Q3 2024 earnings results miss revenue expectations on larger than expected loss
Unfortunately, it’s still having trouble keeping its legs under it in its latest fiscal quarter. For Q3 2024,
Rivian
...
CNBC on MSN
6d
Rivian significantly misses Wall Street's third-quarter revenue expectations
Rivian
Automotive missed Wall Street's third-quarter expectations, including a massive difference in
revenue
of $116 ...
6d
on MSN
Rivian stock drops as full-year loss projection widens, but 'modest gross profit' still expected in Q4
Rivian reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric ...
18h
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
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