Rivian Automotive (RIVN) reachead $14.47 at the closing of the latest trading day, reflecting a -1.83% change compared to its last close.
The EV maker reaffirmed a production forecast, discussed its electrical architecture and software design and offered positive news about costs.
Rivian on Thursday affirmed its full-year production forecast and estimated that second-quarter deliveries will be above analyst expectations. A day after shares surged on news of its joint venture with Volkswagen, RIVN stock fell on Thursday. During Rivian's investor day on Thursday, the EV startup announced it still expects to produce 57,000 vehicles in 2024.