Rivian (RIVN) Shares Fall 10% as Q4 Deliveries Decline Q/Q

Shares of electric vehicle (EV) maker Rivian Automotive (RIVN) lost around 10% yesterday after the company reported a sequential decline in vehicle deliveries during the fourth quarter.Rivian produced 17,541 EVs during the fourth quarter, up from 16,304 units produced in the third quarter. However, the company delivered 13,972 vehicles to customers, reflecting a 10.2% decline in deliveries from the third quarter. This unexpected drop in deliveries after consistent growth in the first three quarters of 2023 ...