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

Scout Motors Sees Hiring Opportunity After Rivian Cuts Jobs

A Scout executive took to LinkedIn Monday inviting laid-off Rivian employees to apply at the VW Group EV brand. Read More

Rivian Lays Off 140 Workers to Boost R2 SUV Production Efficiency

Rivian Automotive, Inc. RIVN has laid off approximately 140 employees or about 1% of its workforce, as it gears up for the 2026 launch of its more affordable R2 SUV, per TechCrunch. The majority of ... Read More

EV maker Rivian cuts 10% of jobs with production forecast well below estimates - The Straits Times

Shares of the company tumbled about 16 per cent 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 ... Read More

Rivian cuts 100+ manufacturing jobs ahead of R2 production in Normal

The electric automaker Rivian says it’s cutting over 100 manufacturing jobs to “improve operational efficiency” as it prepares to launch production of a new vehicle in Normal. 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

Irvine-based Rivian cutting more jobs with woes mounting for EV market - Los Angeles Daily News

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

Rivian Analyst Cuts Estimates On Demand Concerns, Warns Softer Production, Delivery Trends Jeopardize Growth Stock Multiple - Rivian Automotive (NASDAQ:RIVN) - Benzinga

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

UPDATE 4-Rivian, Lucid's 2024 production targets disappoint as EV demand wanes - Yahoo Finance

Feb 21 (Reuters) - Electric vehicle startups Rivian and Lucid forecast 2024 production well below analyst estimates on Wednesday as persistently high borrowing costs keep consumers from buying ... Read More