Fool.com contributor Parkev Tatevosian discusses what the strategic shift could mean for Rivian (RIVN 6.10%) stock investors.
*Stock prices used were the afternoon prices of March 9, 2024. The video was published on March 11, 2024.
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Great News for Rivian Stock Investors!
By Parkev Tatevosian, CFA
–
Mar 11, 2024 at 5:22PM
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 stock investors got some much-needed good news when management initiated a cost-cutting strategy.
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.
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