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  • Why Is RIVN Stock Up Today? Rivian Confirmed 2022 Production Targets.
why-is-rivn-stock-up-today?-rivian-confirmed-2022-production-targets.

Why Is RIVN Stock Up Today? Rivian Confirmed 2022 Production Targets.

BizTech WeeklyBy BizTech Weekly Oct 4, 2022

Rivian (NASDAQ:RIVN) announced third-quarter production figures and reiterated its full-year production target of 25,000 vehicles. For the quarter, Rivian produced 7,363 vehicles at its Normal, Illinois facility, a 67% increase in production compared to Q2’s figure of 4,401 vehicles. RBC Capital analyst Joe Spak believes the figures “should provide a boost to investor confidence” He has a price target of $62 for the company, which was lowered from $75 last month. Rivian hired Diane Lye as its first chief information officer, or CIO, yesterday. The company has gone through several management changes since its initial public offering, such as the appointment of Frank Klein as COO . . .

Read more at investorplace.com
BizTech Weekly
BizTech Weekly

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