Rivian Q4 Deliveries Underperform, Triggering Stock Slide

Rivian Automotive's fourth-quarter vehicle deliveries fell short of market expectations, leading to a 6% drop in pre-market shares. The company delivered 13,972 vehicles, missing the estimated 14,430. High interest rates and strong competition, particularly from Tesla's Cybertruck, have impacted demand. Despite this, Rivian's annual production exceeded its forecast, and the company has introduced a leasing option for its R1T pickup truck, which is eligible for federal tax credits. Concerns about Rivian's financial health persist, with some analysts suggesting the need for additional funding despite the company's assertion of having sufficient capital until 2025.