03
Jan
14:02
Rivian's stock drops 10% despite 2023 production boost
US electric vehicle start-up Rivian Automotive saw its stock price sink 10% on Tuesday following the announcement of its production and delivery performance in Q4 2023.
Shares on the Nasdaq fell 10.06%, or by $2.36, to close at $21.10. On 2 January, its market capitalisation stood at $20.21 billion, Kallanish notes. At the time of writing on Wednesday, shares were trading down 3.08% at $20.45 each.
The carmaker missed market expectations with 13,972 units …
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Anonymous
Very good overview of the weekly steel market.
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