Rivian Produced 13,980 Vehicles At Normal, IL Manufacturing Facility And Delivered 13,588 Vehicles In Q1; Co. Reaffirms 2024 Annual Production Guidance Of 57,000 total Vehicles
Portfolio Pulse from Benzinga Newsdesk
Rivian announced it produced 13,980 vehicles and delivered 13,588 vehicles in Q1 from its Normal, IL manufacturing facility. The company also reaffirmed its 2024 annual production guidance of 57,000 total vehicles.
April 02, 2024 | 12:33 pm
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Rivian produced 13,980 vehicles and delivered 13,588 in Q1, reaffirming its 2024 production goal of 57,000 vehicles.
Rivian's Q1 production and delivery figures demonstrate the company's operational efficiency and market demand for its vehicles. Reaffirming the 2024 production guidance suggests confidence in future growth and operational capabilities, likely positively influencing investor sentiment and potentially driving up the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100