financetom
Business
financetom
/
Business
/
Rivian Automotive Reports Q2 Production, Deliveries; Lowers 2024 Production Target Over Shortages
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rivian Automotive Reports Q2 Production, Deliveries; Lowers 2024 Production Target Over Shortages
Oct 4, 2024 8:13 AM

06:48 AM EDT, 10/04/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) said Friday it manufactured 13,157 vehicles in Q3 at its production site in Normal, Illinois.

The company delivered 10,018 vehicles for the quarter ended Sept. 30, Rivian said.

The EV manufacturer said it now expects full-year 2024 annual production of between 47,000 and 49,000 vehicles, lower than 57,000 previously. The company said it is experiencing shortages on certain components of its R1 SUV, R1T pickups and delivery vans.

Shares of the company were down 3.2% in recent Friday premarket activity.

Price: 9.90, Change: -0.88, Percent Change: -8.16

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Capricor Therapeutics Shares Rise After FDA Aligns on Endpoints for DMD Therapy Trial
Capricor Therapeutics Shares Rise After FDA Aligns on Endpoints for DMD Therapy Trial
Sep 25, 2025
11:12 AM EDT, 09/25/2025 (MT Newswires) -- Capricor Therapeutics ( CAPR ) shares were up 5% in recent Thursday trading after it reported a regulatory update on its biologics license application for deramiocel, its investigational Duchenne muscular dystrophy therapy, following a recent Food and Drug Administration Type A meeting. The regulator said that it and Capricor are aligned on endpoints...
Market Chatter: Norway's Disagreement With US Over Caterpillar Divestment is Easing
Market Chatter: Norway's Disagreement With US Over Caterpillar Divestment is Easing
Sep 25, 2025
11:10 AM EDT, 09/25/2025 (MT Newswires) -- Tensions with the US over Norway's sovereign wealth fund's divestment from Caterpillar ( CAT ) appear to be easing, Reuters reported Thursday, citing Norway's Foreign Minister Espen Barth Eide. The $2 trillion fund decided in August to divest from Caterpillar ( CAT ), citing the company's supply of bulldozers used by Israeli authorities...
PepsiCo Likely Faces Challenging Q3 Print, UBS Says
PepsiCo Likely Faces Challenging Q3 Print, UBS Says
Sep 25, 2025
11:14 AM EDT, 09/25/2025 (MT Newswires) -- PepsiCo ( PEP ) is expected to have a challenging Q3 amid sluggish US trends, softness in some key international regions, and tariff costs, UBS said in a Thursday report. A challenging 3Q, with the debate likely to remain post the print, the report said. The results are due Oct. 9. For Q3,...
Chevron to begin drilling at Suriname's Block 5 in October, minister says
Chevron to begin drilling at Suriname's Block 5 in October, minister says
Sep 25, 2025
PARAMARIBO, Sept 25 (Reuters) - U.S. energy producer Chevron ( CVX ) is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said. They will be drilling the Kori Kori well, he said in a TV interview this week. If this well does indeed contain oil or gas, it will of course...
Copyright 2023-2026 - www.financetom.com All Rights Reserved