Rivian reiterates production forecast as EV maker rushes to boost output

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Rivian (RIVN) expects to meet 50k unit goal in 2023

April 3, 2023 10:03 AM EDT

Electric automaker, Rivian (NASDAQ: RIVN) announced Monday that the company delivered 7,946 vehicles in the quarter ended March, compared with estimates of 7,090 vehicles. It delivered 8,054 vehicles in the fourth quarter.

However, Rivian's production of 9,395 vehicles at its facility in Normal, Illinois in the... More