RIVN - What's Going On With Rivian Stock Friday? | Benzinga
Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower Friday after the stock gained earlier in the week following the announcement of a partnership with Volkswagen and the company's investor day.
The Details:
Rivian held its investor day Thursday and said it expects second-quarter vehicle production to be in a range of 9,100 to 9,300 units with a total of 57,000 vehicles produced in 2024. The company also shared that it expects the R2 model EV to launch in the first half of 2026.
Rivian CEO RJ Scaringe said the company is excited about its new partnership with Volkswagen and said it creates flexibility within Rivian’s platform.
The Rivian CEO also highlighted the success of the company’s ...