Massive News for Rivian Stock Investors

By Parkev Tatevosian, CFA – Feb 27, 2024 at 8:00AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$9B

Today's Change

(6.10%) $0.52

Current Price

$9.04

Price as of April 26, 2024, 4:00 p.m. ET

Rivian is looking to slow the pace of growth in 2024, and investors were not happy with the developments.

Fool.com contributor Parkev Tatevosian discusses what the update could mean for Rivian (RIVN 6.10%) stock investors.

*Stock prices used were the afternoon prices of Feb. 23, 2024. The video was published on Feb. 25, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.