Rivian stock falls on declining fourth-quarter EV deliveries

Rivian stock falls on declining fourth-quarter EV deliveries


Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill.

Michael Wayland | CNBC

Shares of Rivian Automotive declined by almost 10% during early trading Tuesday after the company reported increased vehicle production during the fourth quarter but fewer deliveries than the previous period.

The company said it delivered 13,972 vehicles from October through December, down 10.2% from the third quarter of 2023 but in line with Wall Street’s expectations. Analysts surveyed by FactSet had expected Rivian to deliver about 14,000 vehicles during the quarter.

Rivian produced 17,541 EVs during the fourth quarter, an increase over the 16,304 it produced during the third quarter.

It produced 57,232 vehicles for the full year, all at its factory in Normal, Illinois. That topped the company’s full-year 2023 production guidance of 54,000 vehicles.

Rivian will announce its fourth-quarter earnings result after markets close on Feb. 21.

Rivian’s results come on the same day U.S. EV leader Tesla easily topped Wall Street’s expectations for fourth-quarter deliveries.

Tesla on Tuesday said it delivered 484,507 vehicles, compared with expectations of 477,000 vehicles according to a consensus of estimates compiled by StreetAccount as of Dec. 28.



Source

From mustard makeovers to beef tallow, six food and beverage trends that could take over
Business

From mustard makeovers to beef tallow, six food and beverage trends that could take over

Condiments are getting an upgrade. Chefs are taking their signature sauces and dips outside the kitchen. And “swicy” still reigns. Those food trends were all on display at the Specialty Food Association’s Summer Fancy Food Show, which returned to the Javits Center in New York this week. From Sunday to Tuesday, more than 2,000 exhibitors […]

Read More
Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
Business

Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’

A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images The wealthy will likely see a host of new tax breaks in President Donald Trump’s “big beautiful bill,” along with permanent extensions of many of the 2017 tax cuts, according to tax experts. Taxpayers earning […]

Read More
Retailers avoided a worst case scenario in Vietnam. But executives say Trump’s trade deal could still hit consumers
Business

Retailers avoided a worst case scenario in Vietnam. But executives say Trump’s trade deal could still hit consumers

The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending.  “It’s a lot better news than where […]

Read More