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RIVN Dec 2026 17.500 call
- Business Wire
Rivian to Host Investor Day on Thursday, June 27, 2024
IRVINE, Calif., June 24, 2024--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that it will host an Investor Day on Thursday, June 27, 2024, from 8am CT.
- Reuters
Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit
NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian's drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing process is a 35% reduction in cost of materials for vans and savings of "similar magnitude" for its other lines, CEO RJ Scaringe told Reuters. Rivian's overall cost of building its EVs has "improved dramatically," he told Reuters during a factory tour Friday at Normal, Illinois, 130 miles (209 km) south of Chicago.
- Zacks
Rivian Automotive (RIVN) Stock Moves -0.1%: What You Should Know
In the closing of the recent trading day, Rivian Automotive (RIVN) stood at $10.32, denoting a -0.1% change from the preceding trading day.
