Why Rivian Shares Are Falling

Rivian Automotive Inc RIVN shares are trading lower after the company reported third-quarter earnings results and said it expects to be a few hundred vehicles short of its 2021 production target of 1,200 vehicles.

Rivian exists to create products and services that help the planet transition to carbon-neutral energy and transportation. Rivian designs, develops and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets.

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Rivian has a 52-week high of $179.47 and a 52-week low of $92.62.