Rivian stock falls on declining fourth-quarter EV deliveries

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 ...