BUZZ-Rivian falls after reporting decline in first-quarter deliveries

Reuters
02 Apr
BUZZ-Rivian falls after reporting decline in first-quarter deliveries

** Electric vehicle maker Rivian's RIVN.O shares fall 2.3% to $12.86 in premarket trading

** The company delivered 8,640 vehicles in the quarter ended March 31, compared with 13,588 a year ago

** The market expected Rivian to deliver 8,200 vehicles, according to Visible Alpha

** RIVN is grappling with soft demand, partially due to the impact of the fires in Los Angeles

** 10 of 31 brokerages rate the stock "buy" or higher, 17 "hold" and 4 "sell" or lower; their median PT is $14 - LSEG data

** Up to last close, stock had fallen 0.2% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10