Rivian starts a challenging year with a big slip in deliveries

Rivian delivered just 8,640 vehicles in the first three months of 2024, the company’s worst quarterly mark since the end of 2022. But the company says the slow start won’t impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025. The company warned that the first quarter would be challenging. On a conference call with analysts in February, Rivian’s chief financial officer said that a “challenging demand environment, partially driven by the impac ...