We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rivian Automotive Inc | NASDAQ:RIVN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.29 | -2.84% | 9.93 | 9.93 | 9.94 | 10.41 | 9.84 | 10.20 | 20,177,028 | 17:57:27 |
From May 2021 to May 2024
By Kimberly Chin
Rivian Automotive Inc.'s shares tumbled nearly 13% in after-hours trading to $35.50 after the company warned that constraints in its supply chain would limit how many vehicles it could produce and deliver to customers.
"We believe that throughout 2022, the supply chain will be a fundamental limiting factor in our total output for the Normal Factory," Rivian said in a letter to investors. The company said it had the ability to produce enough vehicles to deliver over 50,000 this year.
The company said it expects to produce 25,000 vehicles this year.
Rivian said it also expects negative gross margins throughout the year. The company expects to make investments in vehicle technology and ramp up manufacturing capacity and charging infrastructure.
The company projected capital expenditures would reach around $2.6 billion for the year.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
March 10, 2022 17:17 ET (22:17 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Rivian Automotive Chart |
1 Month Rivian Automotive Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
