$RIVN

Rivian Shares Falter Following the Recall of Almost all its Vehicle

Rivian Automotive (NASDAQ: RIVN) announced the recall of over 12,000 vehicles on Friday, in order to verify that a fastener in the vehicles’ steering assembly was tightened properly. The stock plummeted more than 7% after the U.S. markets opened on Monday. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”RIVN” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RIVN” range=”1mo” interval=”1d” axes=”true” …

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Rivian Posts Strong Second-Quarter Revenue

Rivian (NASDAQ: RIVN), an electric vehicle maker, reported positive second-quarter earnings and consequently maintained its full-year guidance for deliveries. Nevertheless, the company cut its full-year financial outlook after revealing that investors should expect a bigger loss as well as lower capital expenditures than previously forecast. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”RIVN” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” …

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Rivian to go Public at $106.6 Billion Likely Valuation

Rivian Automotive will make its market debut Wednesday, which is anticipated to be one of the biggest IPOs of 2021. The startup is set to open at USD125 per share, with an estimated valuation of approximately USD106.6 Billion, though the company had previously priced its shares at USD78 a share on Tuesday. The stock will …

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