About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

Rivian reported Tuesday it produced 17,541 vehicles at its Normal, Illinois factory and delivered 13,972 to customers in the fourth quarter, mixed results that left investors wary and sent shares down in pre-market trading.Rivian had shown consistent growth in production and deliveries in the first three quarters of the year. And while production numbers continued on that upward trajectory in the fourth quarter, deliveries dipped by 10.2% from the previous quarter. That drop could signal softening demand fo ...

Rivian Automotive stock was dropping after the electric-vehicle company posted better-than-expected production numbers. It seems to be a case of “selling the news.” Shares had rallied in advance of the report. ...

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company's plant in Normal, Ill.Shares of Rivian Automotive declined by about 7% during early trading Tuesday after the company reported increased vehicle production during the fourth quarter, but lower 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 expe ...

Shares of Rivian Automotive Inc. RIVN, -0.34% sank 3.5% in premarket trading Tuesday, after the California-based electric vehicle maker reported 2023 delivery data that came up short of expectations. The company disclosed Tuesday that during the fourth quarter, it produced 17,541 EVs at its manufacturing facility in Normal, Ill. and delivered 13,972 vehicles, compared with production of 10,020 vehicles and deliveries of 8,054 in the same period a year ago. For 2023, the company said it delivered 50,122 veh ...

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period.On a full-year 2023 basis, the company produced 57,232 vehicles and delivered 50,122. This exceeded management’s most recent full-year 2023 production guidance of 54,000 vehicles.The company also announced that ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Among the slew of companies trying to stake their claim in the electric vehicle (EV) market is Rivian Automotive (RIVN -0.80%). With its focus on manufacturing SUVs and trucks tailored for outdoor enthusiasts, as well as commercial vans for businesses, its debut on the stock market in 2021 was one of the most highly anticipated in decades. Raising nearly $12 billion, it was the most valuable initial public offering (IPO) for an American company since Meta in 2012. But since then, it's safe to say the hype h ...

Key PointsThe stock had a bumpy 2023 but is ending the year well ahead of its peers. Several key tailwinds are in place, which should support further gains.Aside from perhaps Tesla, Rivian remains one of the most attractive electric vehicle options out there.5 stocks we like better than Rivian AutomotiveAs we head into 2024, the electric vehicle (EV) space remains one of the most closely watched by investors. All told it's had a decent year, but one that's far from its best. The Global X Autonomous & Electr ...

Between price wars that have raged throughout 2023, inflation, and surplus inventory, the electric vehicle (EV) market hasn't been as robust as many investors expected. Granted, the EV market is still growing, just not as rapidly as expected.Despite headwinds that have slowed competitors, Rivian Automotive (RIVN -0.34%) is one of the few EV makers with momentum heading into 2024, and it just got more great news. Let's dig in.AT&T comes callingOne of the more intriguing developments in the second half of 202 ...