Rivian's Stock Is Surging After It Reported More Deliveries Than Expected

Category: Automotive

Rivian Automotive reported better-than-expected fourth-quarter production and delivery results, producing 12,727 EVs and delivering 14,183. For the full year, it produced 49,476 vehicles and delivered 51,579. A component shortage that previously limited production has been resolved. Rivian's upcoming earnings call on February 20 will be crucial for investors, as they anticipate news on achieving positive gross profits by the end of 2024 and expectations for 2025.

Keywords: Rivian, Electric Vehicles, Production Results

Source: Motley Fool

Update At: 1/4/2025

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