Rivian Q3 Preview: Big Quarter With Big Implications (Rating Downgrade)
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Rivian's shares have dropped 21% due to supply chain and demand issues, leading to a downgrade to a 'hold' rating. The upcoming Q3 earnings report is crucial, especially with a $2 billion Volkswagen deal at stake, impacting Rivian's long-term viability.
November 05, 2024 | 12:30 pm
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Rivian's stock has been downgraded to 'hold' after a 21% drop due to supply chain and demand issues. The Q3 earnings report is critical, with a $2 billion Volkswagen deal influencing its long-term prospects.
Rivian's stock has been significantly impacted by supply chain and demand issues, leading to a 21% drop and a downgrade to 'hold'. The Q3 earnings report will be pivotal in determining their ability to manage losses and secure the Volkswagen deal, which is crucial for their long-term viability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100