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Rivian跌向逾四个月低点 因生产干扰致交付预期下调

Rivian falls to over a four-month low as production disruptions lead to lowered delivery expectations.

Global market report ·  Oct 4, 2024 01:21

Rivian fell 6.3% pre-market on Friday, hitting a more than four-month low, as the electric auto manufacturer stated that the company is facing production disruptions leading to a downward revision of the annual delivery forecast.

The company reported that in the third quarter ending on September 30, they delivered 10,018 autos, a 35.6% year-on-year decrease, with production down 19.3% to 13,157 autos.

The company mentioned that the production disruptions were due to a shortage of a shared component on the R1 and RCV vehicle platforms.

In a statement, the company said: 'The impact of this supply shortage began in the third quarter of this year, has intensified in recent weeks, and is ongoing.'

As a result, the company has revised its annual production forecast from the previous 57,000 electric autos to 47,000-49,000 units.

Meanwhile, the company confirmed the prospect of delivery volume growth in the low single-digit percentage range.

As of Thursday, the company's stock price has fallen 54.1% year-to-date, while the Global X Autonomous & Electric Vehicles ETF (DRIV) has dropped 7.1% and the s&p 500 index has risen 19.5% during the same period.

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