Rivian (NASDAQ: RIVN) announced this morning that it will only produce 47,000 to 49,000 vehicles this year, down from a previously expected 57,000 vehicles. Management blamed supply shortages, but this highlights operational challenges at the company, which Travis Hoium discusses in this video.
*Stock prices used were end-of-day prices of Oct. 4, 2024. The video was published on Oct. 4, 2024.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
