Shares of Rivian Automotive declined by virtually 10% throughout early buying and selling Tuesday after the corporate reported elevated car manufacturing through the fourth quarter, however decrease deliveries than the earlier interval.
The corporate stated it delivered 13,972 automobiles from October by way of December, down 10.2% from the third quarter of 2023 however in keeping with Wall Avenue’s expectations. Analysts surveyed by FactSet had anticipated Rivian to ship about 14,000 automobiles through the quarter.
Rivian produced 57,232 automobiles for the complete yr, together with 17,541 EVs through the fourth quarter. That topped the corporate’s full-year 2023 manufacturing steerage of 54,000 automobiles.
Rivian will announce its fourth-quarter earnings consequence after markets shut on Feb. 21.
Rivian’s outcomes come on the identical day U.S. EV chief Tesla simply topped Wall Avenue’s expectations for fourth-quarter deliveries.
The corporate on Tuesday stated it delivered 484,507 automobiles in comparison with expectations of 477,000 automobiles, in response to a consensus of estimates compiled by StreetAccount as of Dec. 28.
Ferrari Roma Crashes Into Bushes After Overtaking Off-Responsibility Cop On New 12 months’s Eve |…
Tesla Cybertruck And Mannequin Y Squeezed Into A Tight Storage Sparks Debate | Carscoops This…
On this articleTSLAComply with your favourite sharesCREATE FREE ACCOUNTTesla simply printed its fourth-quarter car manufacturing and deliveries…
Suzuki Is Reportedly Working On Smaller And Bigger SUVs For India | Carscoops The entry-level…
Rivian revealed very constructive electrical car manufacturing and supply numbers for the fourth quarter and…
Volkswagen Group is engaged on an electrical pickup truck and SUV impressed by the Worldwide…