Rivian exceeds 2023 production guidance but misses delivery expectations

Rivian Automotive (NASDAQ:RIVN) met its 2023 production targets but fell short of market expectations for vehicle deliveries. Shares of the Irvine, California-based company dropped over 10% on Tuesday’s intraday. As noted in a press release, Rivian delivered 13,972 vehicles in the fourth quarter, which is 10% lower compared to the previous quarter. The numbers also … Continue reading Rivian exceeds 2023 production guidance but misses delivery expectations