Friday, September 20, 2024
Rivian's deliveries are expected to decline in the third quarter following its factory shutdown in April.
Rivian's struggle with Q4 deliveries, down 10% from predictions, caused a 10% stock drop amidst EV market turbulence. Tesla's overperformance contrasts Rivian's setback, impacting pre-market trading. Rising U.S. interest rates trigger EV price competitions, while Amazon delays Q4 deliveries, focusing on holiday sales.
