Rivian stock falls over 9% after EV maker says first quarter off to 'slow start'
Rivian Automotive Inc. stock fell more than 9% in extended trading Thursday after the electric-vehicle maker posted a larger-than-expected quarterly loss and said that supply-chain snags and other problems persist.
Rivian said its plant in Illinois is “starting to ramp nicely despite the quarter getting off to a slow start and persistent supply-chain constraints.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's Wall Street's take on how to play the auto market right now, covering Tesla, Rivian and moreWall Street analysts outline the potential impact of Russia-Ukraine on automakers including Tesla, Rivian, Ford, VW and more.
Read more »
Hydrogen Truck Maker Nikola Leads EV Stock Rally As Biden Cuts Off Russian OilSpiking fuel prices are benefiting renewable power companies, particularly EV stocks, which have fallen this year.
Read more »
Poeltl delivered in crunch timeJakob Poeltl’s performance in Monday’s 117-110 win over the Lakers could best be...
Read more »
Kim Kardashian says she has the ‘best’ advice for women in business: Get your ass up and workThe secret to keeping up with the Kardashians: Get your ass up and work, since 'nobody wants to work these days,' according to Kim Kardashian. Her controversial quote has sparked a heated discussion online about wealth and privilege.
Read more »
Japan stocks set for quiet start; U.S. announces ban on Russian oil imports amid Ukraine warPresident Joe Biden said Tuesday the U.S. will ban imports of Russian oil, following Moscow's invasion of Ukraine.
Read more »
Stock futures fall ahead of key inflation readingU.S. equity futures traded lower Thursday morning, ahead of the release of a key inflation report.
Read more »