Rivian's Q3 Sales Stumbled. Here's Why
Briefly

"Rivian's production fell nearly 24%, while deliveries were down 55%... due to a lingering supply issue on a shared component that has become more acute."
"Despite these challenges, Rivian did increase production in Q3 compared to Q2, showing signs of recovery with 13,157 vehicles produced this quarter."
"Rivian's annual production and delivery targets have been revised down, expecting to produce between 47,000 and 49,000 vehicles and delivery between 50,500 and 52,000 vehicles in 2024."
"The R1S and R1T have now entered their second generation, potentially signaling a positive future for the company as they face increased competition."
Read at InsideEVs
[
|
]