{"id":20089,"date":"2023-10-05T09:20:32","date_gmt":"2023-10-05T16:20:32","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20089"},"modified":"2023-11-14T09:07:13","modified_gmt":"2023-11-14T17:07:13","slug":"rivian-stock-falls-on-revenue-miss","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/rivian-stock-falls-on-revenue-miss\/","title":{"rendered":"Rivian Stock Falls On Revenue Miss"},"content":{"rendered":"\n<p>Rivian Automotive (RIVN:NASD) stock is down almost 20% on the day after lower-than-expected revenue and announcing the raising of more capital. The company is issuing $1.5 billion in convertible notes which has caused considerable downward pressure on the stock. Also negative external factors such as the SPX and DOW both down on the day.<\/p>\n\n\n\n<p>Rivian third-quarter sales were slightly lower than analyst expectations which came in at $1.31 billion instead of the $1.38 billion expected. The company continues to grow its deliveries but the EV market has seen significant pressure with price cuts from Tesla causing other car manufacturers to follow suit.<\/p>\n\n\n\n<p>Rivian stock is down 19% intraday but is up about 20% on the year.<\/p>\n","protected":false},"excerpt":{"rendered":"Rivian Automotive (RIVN:NASD) stock is down almost 20% on the day after lower-than-expected revenue and announcing the raising of more capital. The company is issuing $1.5 billion in convertible notes which has caused considerable downward pressure on the stock. Also negative external factors such as the SPX and DOW both down on the day. Rivian&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/rivian-stock-falls-on-revenue-miss\/\">View Article<\/a>","protected":false},"author":3,"featured_media":17888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,40,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rivian Stock Falls On Revenue Miss - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/rivian-stock-falls-on-revenue-miss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rivian Stock Falls On Revenue Miss - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Rivian Automotive (RIVN:NASD) stock is down almost 20% on the day after lower-than-expected revenue and announcing the raising of more capital. The company is issuing $1.5 billion in convertible notes which has caused considerable downward pressure on the stock. Also negative external factors such as the SPX and DOW both down on the day. Rivian... 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