Rivian (RIVN) Shares Drop Over 6% Amid Lowered Production Forecast

Oct 04, 2024

Rivian (RIVN, Financial) saw its stock price decline by more than 6%, falling to $9.91. The drop comes as the company announced a revision in its 2024 annual production outlook due to ongoing component shortages. Rivian has adjusted its expected vehicle production for the year to between 47,000 and 49,000 units.

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