Truist Securities Downgrades Rivian Automotive Inc (RIVN) to Hold, 'Built for Rough Terrain, But Road Remains Rocky'

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Go back to Truist Securities Downgrades Rivian Automotive Inc (RIVN) to Hold, 'Built for Rough Terrain, But Road Remains Rocky'

CORRECTING and REPLACING: Rivian Releases Fourth Quarter and Full Year 2023 Financial Results

February 22, 2024 2:02 PM EST

Company Exceeded All Aspects of 2023 Guidance

Company Reiterates Path to Q4 Modest Gross Profit

IRVINE, Calif.--(BUSINESS WIRE)-- Second paragraph, last sentence of release dated February 21, 2024, should read: Overall, there was a 147 percent increase in deliveries for the year ended December 31, 2023 as compared to the year ended December 31, 2022 (instead of Overall, there was a 147 percent increase in deliveries for the fourth quarter of 2023 as compared to the fourth quarter of 2022).

The updated release reads:

RIVIAN RELEASES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL... More