EV Truck Maker Rivian (RIVN) Produced 2,553 Vehicles in Q1, In Line With Expectations By Investing.com

April 5, 2022 admin Stock News 0


© Reuters EV Truck Maker Rivian (RIVN) Produced 2,553 Vehicles in Q1, In Line With Expectations

Rivian Automotive, Inc. (RIVN) announced today that it has produced 2,553 vehicles and delivered 1,227 during the first quarter, which are in line with the EV companys expectations.

In all of 2021, the company produced 1,015 vehicles and delivered 920 vehicles.

The company believes it is well-positioned to deliver on its 25,000 annual production guidance, which it provided during its Q4 earnings call last month.

As of March 8, 2021, the company had approximately 83K R1 preorders from consumers across the U.S. and Canada.

Rivian shares are down 59% year-today-date.

By Davit Kirakosyan

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