Unfortunate News for Rivian Stock Investors

By Parkev Tatevosian, CFA – Apr 20, 2024 at 4:33PM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$10B

Today's Change

(1.19%) $0.12

Current Price

$10.19

Price as of May 6, 2024, 2:40 p.m. ET

Rivian announced another round of job cuts amid declining EV demand.

Fool.com contributor Parkev Tatevosian reviews what the latest news could mean for Rivian (RIVN 1.19%) stock investors.

*Stock prices used were the afternoon prices of April 17, 2024. The video was published on April 19, 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.