Thursday, November 21, 2024
Rivian has launched a security camera system that could rival Tesla's Sentry Mode.
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.
