Shares of electric vehicle (EV) maker Rivian Automotive (RIVN) lost around 10% yesterday after the company reported a sequential decline in vehicle deliveries during the fourth quarter.Rivian produced 17,541 EVs during the fourth quarter, up from 16,304 units produced in the third quarter. However, the company delivered 13,972 vehicles to customers, reflecting a 10.2% decline in deliveries from the third quarter. This unexpected drop in deliveries after consistent growth in the first three quarters of 2023 ...

Rivian Automotive (RIVN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this a manufacturer of motor vehicles and passenger cars have returned +21.2%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Automotive - Domestic industry, which Rivian Automotive falls in, has gained 5.2%. The key question now is: What could be ...

Rivian (NASDAQ:RIVN) announced a recall of nearly 7,800 R1S and R1T electric vehicles (EVs). The company said a software update has been deployed to fix a problem with the accelerator pedal. Customers are being urged to install the update. The recall only impacts cars made between June 2021 and October 2022.RIVN stock fell 10% on Jan. 2 and another 3% overnight. Fourth quarter deliveries fell 10.2% below the previous quarter, to 13,972. Rivian is due to announce fourth-quarter results on Feb. 2; a loss is e ...

Rivian Gets Wrecked Kevauto / Wikimedia Commons As electric vehicle (EV) industry leaders Tesla Inc. (NASDAQ: TSLA) and China’s BYD were announcing record sales for the fourth quarter and full year 2023, shareholders hammered one of their much smaller rivals due to its disappointing unit sales.What Happened to Rivian?Source: jetcityimage / iStock Editorial via Getty ImagesRivian Automotive Inc. ( NASDAQ: RIVN ) stock dropped 10% on news that it delivered 13,972 vehicles in the year’s final quarter. That w ...

Rivian Automotive Inc (NASDAQ: RIVN) ended more than 10% down on Tuesday after reporting a year-on-year decline in deliveries in the fourth quarter.Baird analyst shares his view on $RIVNCopy link to sectionThe electric vehicles company delivered 13,972 vehicles in the final quarter of 2023 – down 10.2% versus a year ago. Still, Ben Kallo – a Baird analyst dubs Rivian stock as the best idea for 2024. His research note last week said:Production improvements, use of inhouse developed components, and streamlini ...

2024 wasn't off to a great start for Rivian Automotive (RIVN -10.00%) shareholders. After diving as much as 11% early Tuesday morning, Rivian shares were still down by 9.7% as of 1:30 p.m. ET.The twist is that the sell-off came after the company released some positive production and delivery data. But the stock had soared by more than 40% in December, giving some investors reason to want to sell the stock and lock in profits on the first trading day of 2024.Production keeps ramping higherThe big news was Ri ...

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period. On a full-year 2023 basis, the company produced 57,232 vehicles and delivered 50,122. This exceeded management’s most recent full-year 2023 production guidance of 54,000 vehicles. The company also announced ...

Rivian Automotive (RIVN -9.76%) stock had a strong 2023. Shares were higher for the year by nearly 30%. Much of that came from a push in the final month of the year, as Rivian shares soared 40% in December alone.On the first day of 2024 trading, though, shares are plunging. The stock was lower by 9.2% as of 11:50 a.m. ET. That came after the company reported reported its fourth-quarter and full-year electric-vehicle (EV) production and delivery results.Buy the rumor, sell the newsThe EV start-up gave invest ...

ToplineTwo major electric vehicle makers were trending in opposite directions Tuesday morning amid volatility in the EV market, as news of Rivian’s lagging deliveries dragged share prices down, while Tesla beat expectations and saw an uptick in pre-market trading.File - Tesla cars are parked at the construction site of the new Tesla Gigafactory for electric cars ... [+] in Gruenheide near Berlin, Germany, March 18, 2022. Tesla is expected to report fourth quarter and full year sales Tuesday as electric vehi ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...