Stock Market Today, Oct. 2: Rivian Beats Q3 Delivery Estimates on Record Production Pace
Rivian Automotive (NASDAQ:RIVN), the maker of electric pickup trucks, SUVs, and commercial delivery vans closed at $14.30, down 3.12%. Shares spiked at the open after the positive Q3 delivery news was announced. Still, investors later focused on the unchanged full-year outlook an
Rivian Automotive's shares spiked at the open after the company announced its Q3 delivery numbers, but later fell, closing at $14.30, down 3.12%. According to Nasdaq Markets and Motley Fool, the electric vehicle maker delivered 19,248 vehicles and produced 19,751 in the quarter.
The company's full-year outlook remained unchanged, which seemed to underwhelm investors. Motley Fool reported that trading volume reached 59.1 million shares, about 107% above its three-month average.
Rivian's stock has fallen 86% since its IPO in 2021. In comparison, other electric vehicle manufacturers saw mixed results, with Tesla up 4.65% and Lucid Group down 1.43%.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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