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Rivian layoffs 2024: Electric vehicle company earnings call comes with announcement that 10% of salaried workers are being cut

Rivian layoffs in 2024 will affect 10% of all salaried workers and start Thursday morning, following an earnings call that included a quarterly loss.

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Nvidia, Rivian, Lucid, Etsy, Royal Caribbean, Sunrun, and More Stock Market Movers

Fourth-quarter revenue at Nvidia jumps 265% from a year earlier and data-center revenue surges more than 400%, while shares of Rivian and Lucid fall after.

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Rivian has few catalysts in 2024 beyond its new SUV, but longer-term story is intact, analysts say

Production guidance “was underwhelming” with significant changes to its manufacturing facility ahead.

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Rivian and Lucid Stocks Are Diving The EV Story s New Twist

Electric-vehicle start-ups Rivian and Lucid both provided disappointing guidance. The U.S. luxury EV market looks saturated.

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Lotus Technology Is Beating Other EV Start-Ups, by a Lot

Shares of L Catterton, which becomes Lotus Technology on Thursday, hit $16.55 in early trading, up 25%.

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