What's Going On With Rivian Shares Following Tesla Earnings

Rivian Automotive Inc RIVN shares are trading lower by 2.6% to $30.68 during Thursday's session, potentially amid overall market weakness and following peer EV-maker Tesla Inc TSLA third-quarter earnings report. Tesla shares are lower after the company reported worse-than-expected third-quarter sales results.

So What Happened?

Tesla reported third-quarter revenue of $21.45 billion, up 56% year-over-year. The total came in shy of analyst estimates of $21.96 billion. The company also reported automotive revenue of $18.69 billion in the third quarter, up 55% year-over-year.

In the third quarter, Tesla reported record revenue, free cash flow and operating profits despite what the company called “material headwinds.”...Read More

See AlsoWhy Alcoa Shares Are Falling Sharply During Wednesday's After-Hours Session

According to data from Benzinga Pro, Rivian has a 52-week high of $179.47 and a 52-week low of $19.25.

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