"Rivian's Quarterly EV Deliveries Disappoint, Triggering Stock Plunge Despite Growth"

Rivian Automotive's fourth-quarter vehicle deliveries fell short of market expectations, with 13,972 vehicles delivered compared to the estimated 14,430. This 10% drop from the previous quarter, coupled with high interest rates affecting demand, led to a 10% decline in the company's shares. Despite this, Rivian's annual production exceeded forecasts, and the company remains competitive in the EV market, recently signing a deal with AT&T and maintaining its vehicle prices. Meanwhile, Tesla surpassed its delivery estimates and met its annual goals.