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Rivian to pay $250M over price hike lawsuit
Rivian, the electric vehicle manufacturer, has decided to pay a hefty sum of $250 million to settle a shareholder lawsuit.
Rivian stock has trended upward recently despite facing challenges. Here is a look at where the stock could be in a year.
Analysts still expect Rivian's revenue to rise by 7% to $5.3 billion this year as it offsets its slower deliveries with higher average selling prices and generates more revenue from its software ...
The electric vehicle company faces an uncertain market in the near term, putting a question mark on the stock over the next three years.
Shares of Rivian Automotive (NASDAQ:RIVN) lost 0.54% over the past five trading sessions following a loss of 5.76% the five prior. That continues a downward trend that’s seen RIVN fall 31.31% from its ...
Electric vehicle makers are still exploring the best way to pursue growth. Rivian is gearing up to offer new, more affordable EV models. Lucid is pursuing an opportunity in robotaxis by partnering ...
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Rivian Crippled by New Layoffs
Rivian reportedly will lay off 600 employees. The struggling EV maker’s prospects continue to fade year after year.
Rivian is paying $250 million to settle a shareholder class-action lawsuit stemming from its initial public offering in 2021.
Rivian cut 4.5% of its workforce and settled a $250 million securities lawsuit as EV sales fall short of projections.
Notably, in late 2024, Rivian hit a key milestone, achieving a modest gross profit for the first time. While a gross profit only means that it was able to generate more revenue from selling its ...
Demand for electric vehicles is expected to surge over the next several decades. While much of this growth is expected globally, penetration for EVs is still expected to rise substantially in the U.S.
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