Rivian shares tumble as supply-chain woes cut production outlook in half
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Rivian Automotive (RIVN) Shares Down 12% on Disappointing Production Guidance Due to Supply Chain Issues
March 10, 2022 5:55 PM ESTRivian Automotive (NASDAQ: RIVN) shares dropped more than 12% after-hours following the companys reported Q4 results, with both EPS of ($2.43) and revenue of $54 million coming in worse than the consensus estimates of ($1.64) and $61.18 million, respectively.
The company delivered 920 vehicles during the full... More
