Rivian Reports Lower Than Expected Q1 Production
Rivian produced 10,236 vehicles in the first quarter, missing the market forecast of 10,311 vehicles. The company reported first quarter cash and cash equivalents of $2.85 billion, which was also below analyst expectations.
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Sources · 7 independent
Bloomberg Radio
“First quarter production 10,236 vehicles. That's a little bit light. The street was looking for a number more like 10,311. First quarter cash and cash equivalents... was $2.85 billion.”
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