11 Key Points About Rivian (RIVN) Stock

1. What is the Current Price of Rivian Stock?

As of the latest trading session, Rivian Automotive (RIVN) closed at $11.17, marking a +1.27% move from the prior day.

2. How Has Rivian Stock Performed Recently?

Rivian's stock has plunged 54.1% year to date through Thursday, reflecting significant market volatility.

3. What Caused the Recent Drop in Rivian Stock?

The recent drop in Rivian stock is attributed to a production disruption caused by a shortage of a shared component on the R1 and RCV model platforms.

4. How Did This Production Disruption Impact Deliveries?

For the third quarter to Sept. 30, Rivian delivered 10,018 vehicles, down 35.6% from a year ago, while production fell 19.3% to 13,157 vehicles.

5. What Was the Impact on Full-Year Deliveries Guidance?

Rivian lowered its full-year deliveries guidance to between 47,000 and 49,000 EVs from 57,000 EVs due to the production disruption.

6. How Did the Company's Outlook for Delivery Growth Change?

Despite the production issues, Rivian affirmed its outlook for delivery growth in the low-single digit percentage range.

7. What Is the Current Market Reaction to Rivian's News?

Shares of Rivian Automotive Inc. (RIVN) dropped 6.3% in premarket trading Friday toward a more than four-month low.

8. How Does Rivian's Stock Performance Compare to Other ETFs?

The Global X Autonomous & Electric Vehicles ETF (DRIV) has slipped 7.1%, while the S&P 500 has gained 19.5% year to date.

9. What Is the Historical High and Low for Rivian Stock?

Rivian's stock has historically reached a high of $24.87 and a low of $8.26 within the past year.

10. How Has Rivian's Stock Price Changed Over Time?

Rivian's stock price has fluctuated significantly over the past year, reflecting market volatility and company-specific challenges.

11. What Should Investors Consider When Evaluating Rivian Stock?

Investors should carefully consider the company's production disruptions, delivery guidance, and overall market trends when evaluating Rivian stock.