"Rivian Q4 Deliveries Dip and Stock Declines as EV Performance Trails Behind Tesla"

Rivian's Q4 report showed a 10% drop in vehicle deliveries despite an increase in production, raising concerns about potential demand issues for its premium electric vehicles. The company's shares fell in pre-market trading as a result. While Rivian has not reduced prices despite the industry trend, continued delivery declines could force price cuts, impacting the company's already challenging profitability. Rivian's production costs remain high, with significant losses per vehicle built. However, the company did exceed its full-year production guidance for 2023 and plans to report fourth-quarter earnings on February 21.