Rivian Delivers 10,365 Vehicles In First Quarter
Rivian delivered 10,365 vehicles during the first quarter, exceeding the estimate of 10,279 units. The company's shares fell by approximately 1.1% following the report. Rivian stock has declined by about 16% to 17% year to date. The company reported $1.3 billion in the second quarter, compared to an estimate of $1.39 billion. This figure fell slightly short of analyst expectations of 10,311 units. Higher fuel costs and gasoline prices are reportedly impacting consumer affordability and behavior. Consumers are increasingly considering fuel-efficient transportation alternatives due to these costs. The company stated that the sales debut of a new SUV model remains on track for two years from now.
Topics
Developing
- 890d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 890d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 890d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 890d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
Bloomberg Radio
“First quarter vehicles delivered coming in at 10,365. That is actually a little bit better than the estimate for about 10,279. You can see that the shares lower by about 1.1%.”
Bluesky Social
“Rivian Automotive produced 10,236 electric vehicles in the first quarter, beating analysts' expectations of 10,311. In the first quarter, 10,365 vehicles were delivered”
Bloomberg Radio
“electric vehicle maker Rivian is reaffirming its full-year vehicle delivery prediction and says the sales debut of a new model SUV two years from now is on track.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade