Rivian ($RIVN) Stock Plummets After Disappointing Q4 Earnings, Job Cuts, and Double Downgrade by UBS
Rivian ($RIVN) faces significant challenges as its stock plummets following a disappointing Q4 earnings report and 2024 guidance. The company reported a wider-than-expected loss, job cuts, and lower production forecasts, leading to a double downgrade by UBS.
Sources
Neil Cybart
Rivian shares are once again making all-time lows. Now down 92% from the peak. Whenever Rivian is in the news for earnings or another stock price low, I turn back to this @InsideOrchard essay that I wrote in 2023. Rivian Is Early https://t.co/7n4936HARG https://t.co/SAfvvSsQbT
Cheddar Flow Elon Musk just said $RIVN needs to ‘cut costs massively’ and its execs should ‘live in the factory’ or its company will die 😂
GURGAVIN RIVIAN SHARES JUST HIT A NEW ALL TIME LOW RIVIAN SHARES ARE NOW DOWN 95% FROM THIS GOOD THING IS NOT EVEN A SINGLE PERSON HERE INVESTED IN IT RIGHT ? RIGHT ????? $RIVN https://t.co/cpsrPJAesp
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