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Shares of $Rivian Automotive (RIVN.US)$plummeted 10% in after-hours trading Thursday after CEO RJ Scaringe and other executives reported a surge in customer reservations but cut vehicle production expectations for the year.
Rivian said it expects to fall “a few hundred vehicles short” of its 2021 production target of 1,200 vehicles.
Aside from the production snags, Rivian said total reservations for its electric R1T pickup and R1S SUV increased to 71,000 as of Dec. 15, up 28% compared with the most recent tally of 55,400 vehicles in November.
Also, a new battery and assembly plant announced Thursday will be east of Atlanta and is expected to facilitate production of up to 400,000 vehicles per year, Rivian said. Construction on the facility is expected to begin in summer 2022, and the start of production is slated for 2024.
Still having faith in Rivian? Or which messages above changed your thoughts on it?
Source:
Rivian shares slide after company cuts 2021 EV production expectations
Rivian said it expects to fall “a few hundred vehicles short” of its 2021 production target of 1,200 vehicles.
Aside from the production snags, Rivian said total reservations for its electric R1T pickup and R1S SUV increased to 71,000 as of Dec. 15, up 28% compared with the most recent tally of 55,400 vehicles in November.
Also, a new battery and assembly plant announced Thursday will be east of Atlanta and is expected to facilitate production of up to 400,000 vehicles per year, Rivian said. Construction on the facility is expected to begin in summer 2022, and the start of production is slated for 2024.
Still having faith in Rivian? Or which messages above changed your thoughts on it?
Source:
Rivian shares slide after company cuts 2021 EV production expectations
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Bitcoin dropped as much as 16% on Tuesday morning after breaking through $52,000 late Monday. It was last down about 9.5% and trading at $46,892.04, according to Coin Metrics. Ether fell 12% to $3,441.21.
XRP and Polkadot’s dot token were down even more, having plunged more than 20% during the same 24-hour period.
Several market observers emphasized that bitcoin suffered this downside amid robust selling activity.
Source:
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
XRP and Polkadot’s dot token were down even more, having plunged more than 20% during the same 24-hour period.
Several market observers emphasized that bitcoin suffered this downside amid robust selling activity.
Source:
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
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$Alibaba (BABA.US)$ great day to load up
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$XIAOMI-W (01810.HK)$ Results are good. Will test 30 soon.
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