Rivian (RIVN) Stock Falls 2% Following Q3 EPS Loss; Confirms New Georgia Plant with Estimates 400K Annual Capacity
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Rivian Automotive (RIVN) Falls 9.5% After-Hours to Below $100
December 16, 2021 5:53 PM ESTRivian Automotive (NASDAQ: RIVN) is now down 9.5% after-hours following earnings and falls below $100 per share. Shares last traded at $98.46.
... MoreEV startup Rivian to build $5 billion plant in Georgia, posts quarterly loss
December 16, 2021 4:21 PM ESTBy Ben Klayman
DETROIT (Reuters) -Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a $5 billion plant in Georgia, its second U.S. assembly plant, as it looks to expand production.
In its first publicly reported quarterly results since it went public last month, Rivian posted a third-quarter net loss of $1.2 billion. Rivian's shares tumbled 9.8% in after-hours trading after the company said it expected production to fall a few hundred vehicles short of its 2021 target of 1,200 and its pre-order numbers disappointed some on Wall Street.
"Launching and ramping production of three... More
Rivian Automotive (RIVN) drops 4% following earnings
December 16, 2021 4:20 PM ESTRivian Automotive (NASDAQ: RIVN) drops 4% following earnings
... MoreRivian Automotive (RIVN) Reports Q3 Loss of $12.21
December 16, 2021 4:19 PM ESTRivian Automotive (NASDAQ: RIVN) reported Q3 EPS of ($12.21), versus ($2.88) reported last year. Revenue for the quarter came in at $0 , versus $0 reported last year.
Announces 71K net preorders for R1 in U.S. and Canada. Sees planned ~200K annual capacity at Normal, IL, and... More
