NEW YORK, NY / ACCESSWIRE / March 4, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Rivian Automotive, Inc. ("Rivian" or "the Company") (NASDAQ:RIVN). Investors who purchased Rivian securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RIVN.
Investigation Details:
On February 21, 2024, Rivian reported its fourth quarter financial and operating results. Among other items, Rivian announced that it expects to produce 57,000 vehicle units in 2024, significantly lower than analyst expectations of 80,000 units. The Company further disclosed an adjusted EBITDA loss of $2.70 billion, compared to analyst expectations of $2.59 billion, and announced plans to cut 10% of salaried staff, citing economic uncertainty. On this news, Rivian's stock price fell $3.94 per share, or 25.6%, to close at $11.45 per share on February 22, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Rivian securities, you can assist this investigation by visiting the firm's site: bgandg.com/RIVN. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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