Rivian's adjustment in production guidance for 2024 now reflects a target of 47,000 to 49,000 vehicles, primarily due to worsening parts shortages impacting production.
Despite the production issues, Rivian has maintained its delivery outlook for the year, expecting between 50,500 to 52,000 deliveries while grappling with supply chain challenges.
The issues with parts shortages have already prompted Rivian to pause van production, raising concerns about its capacity to meet growing demand from commercial sales.
With a significant projected loss of approximately $38,784 per vehicle sold, Rivian continues its struggle towards profitability despite the delivery numbers showing promising growth.
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