Rivian cuts jobs, sees annual production below estimates

Shares of the company tumbled about 17% in extended trading after Rivian said it expects to produce 57,000 vehicles in 2024, well below estimates of 81,700 units, according to eight analysts ... Read More

Rivian, Lucid's 2024 production targets disappoint as EV demand wanes - AOL

As a result, Rivian said it expects to produce 57,000 vehicles in 2024, well below estimates of 81,700 units, according to eight analysts polled by Visible Alpha. Rivian, Lucid's 2024 production ... Read More

Are Rivian's Job Cuts a Red Flag?

Rivian recently made job cuts to improve operational efficiency. Investors will feel much better in the end. A couple of weeks ago, Rivian laid off around 140 employees, or about 1% of its total ... Read More

Rivian stock tanks to all-time low after job cuts, slash in production ...

Production was notably higher at 17,541 units, above estimates of 16,574. Rivian CFO Claire McDonough said on the earnings call that Rivian expects Q1 2024 deliveries to be 10% to 15% below Q4 ... Read More

Rivian forecasts annual production well below estimates

Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for electric ... Read More

EV maker Rivian cuts 10% of jobs with production forecast well below ...

SAN FRANCISCO - Rivian said on Feb 21 it would cut its workforce by 10 per cent and forecast electric vehicle (EV) production for 2024 that was far below estimates, hurt by downtime for factory ... Read More

Rivian Analyst Cuts Estimates On Demand Concerns, Warns Softer ...

JPMorgan analyst Ryan Brinkman cuts Rivian price target to $12 from $14 after lowering production and delivery estimates. Rivian lowers its annual production guidance to a range of 47,000 to ... Read More

Irvine-based Rivian cutting more jobs with woes ... - Pasadena Star-News

Irvine-based Rivian Automotive will cut an another 1% of its workforce, the second round of layoffs this year as the electric vehicle industry grapples with flagging consumer demand. “We ... Read More

Irvine-based Rivian cutting more jobs with woes mounting for EV market

Also see: Rivian beats EV production estimates with shipments rebounding Rivian had 16,790 workers as of Dec. 31, suggesting the latest cuts could amount to 150 or more jobs. Read More

Scout Motors Sees Hiring Opportunity After Rivian Cuts Jobs

Both Rivian and Scout are in the midst of production ramp-ups. Rivian is looking to start manufacturing its R2 electric SUV in 2026. First shown in 2024, the R2 is a smaller model with a targeted ... Read More