Rivian's Q4 Deliveries Miss Is Just a Bump in the Road for RIVN Stock
Rivian AutomotiveRivian Automotive(US:RIVN) InvestorPlace·2024-01-08 07:02

Electric vehicle startup Rivian (NASDAQ:RIVN) delivered slightly fewer EVs than analysts had expected last quarter. This will have important implications for RIVN stock holders. Much more importantly, the firm’s deliveries fell 10% versus the previous quarter. While I certainly didn’t anticipate such a drop and it is a negative development, Rivian’s other positive catalysts will, in all likelihood, enable it to overcome any reduction in the demand for its current EVs from consumers. As a result, I remain ve ...

Rivian Automotive-Rivian's Q4 Deliveries Miss Is Just a Bump in the Road for RIVN Stock - Reportify