Rivian Automotive Q1 Vehicle Production And Delivery In Line With Company's Expectations
(RTTNews) - Rivian Automotive, Inc. (RIVN) announced Tuesday that it produced a total of 13,980 vehicles at its manufacturing facility in Normal, Illinois in the first quarter and delivered 13,588 vehicles during the same period. The company said these figures were in line with its expectations.
Looking ahead to the full year 2024, the management is reaffirming guidance for annual production of 57,000 total vehicles.
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Rivian Produces 9,395 Vehicles In Normal, Illinois Facility In Q1; Delivers 7,946 Vehicles
Rivian Automotive, Inc. (RIVN) announced Monday that it produced a total of 9,395 vehicles at its manufacturing facility in Normal, Illinois in the first quarter and delivered 7,946 vehicles during the same period.
The company said these figures remain in line with its expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided.
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Rivian Recalls 13,000 Electric Vehicles; Stock Down 8%
Shares in Rivian Automotive, Inc. are slipping more than 8 percent on Monday morning after reports that the electric-vehicle maker is recalling about 13,000 vehicles, almost all of the vehicles it has produced, due to potentially loose fastener to the front steering knuckle.
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