Rivian Automotive (RIVN) Misses Q4 EPS by 1c, Cuts Jobs, Production Guidance Misses
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Rivian Releases Fourth Quarter and Full Year 2023 Financial Results
February 21, 2024 4:10 PM ESTCompany Exceeded All Aspects of 2023 Guidance
Company Reiterates Path to Q4 Modest Gross Profit
IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) today announced fourth quarter and year end 2023 financial results. The results reflect continued progress against key value drivers including ramping production, improving cost efficiency, and driving demand through successfully introducing new technologies and enhancing the customer experience.
Production and manufacturing progress continued to improve throughout 2023. On a full-year basis, the company produced 57,232 vehicles and delivered 50,122, more than doubling production and... More
