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Rivian Automotive Reports Q1 Production of 13,980 Vehicles; Shares Lower
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Rivian Automotive Reports Q1 Production of 13,980 Vehicles; Shares Lower
Apr 2, 2024 6:48 AM

09:18 AM EDT, 04/02/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) said Tuesday it produced 13,980 vehicles in Q1 at its production site in Normal, Illinois.

The company delivered 13,588 vehicles for the quarter ended March 31, Rivian added.

Additionally, the electric vehicle manufacturer said it continues to expect 2024 annual production of 57,000 vehicles.

Rivian will report Q1 results after markets close on May 7.

Shares of the company were down by more than 3% in premarket activity.

Price: 10.7, Change: -0.39, Percent Change: -3.52

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