"Rivian Shares Dip as EV Deliveries Miss Quarterly Forecasts"
TL;DR Summary
Rivian Automotive Inc.'s stock dropped 3.5% in premarket trading after the company reported that its 2023 vehicle deliveries totaled 50,122, a significant increase from the previous year but still below the expected 51,000. Despite the shortfall, the company's production and deliveries more than doubled compared to the prior year. Rivian's stock had previously seen a 27.3% increase in 2023, outpacing the gains of the Global X Autonomous & Electric Vehicles ETF and the S&P 500.
Topics:business##automotiveindustry#business-and-finance#earningsreport#electricvehicles#rivian#stockmarket
- Rivian’s stock falls after 2023 deliveries more than double, but come up shy of forecasts MarketWatch
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- Rivian Fourth-Quarter Electric Car Deliveries Fall Short of Estimates Bloomberg
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