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Quarterlydeliveries

All articles tagged with #quarterlydeliveries

businessfinance2 years ago•1 min saved

"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.

via Yahoo Finance|

##businessfinance #electricvehicles

business-and-finance2 years ago•1 min saved

Rivian Q4 EV Deliveries Miss Mark, Stock Dips Despite Production Surge

Rivian Automotive's stock price dropped nearly 10% after the company reported a decrease in EV deliveries for the fourth quarter, despite an increase in production. Deliveries fell 10.2% from the third quarter, totaling 13,972 vehicles, which aligned with Wall Street expectations. However, Rivian's annual production exceeded its guidance, with 57,232 vehicles produced in 2023. The company's fourth-quarter earnings will be announced on February 21, contrasting with Tesla's strong delivery performance reported on the same day.

via CNBC|

##business-and-finance #electricvehicles

businessfinance2 years ago•1 min saved

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.

via Reuters|

##businessfinance #electricvehicles