Rivian’s Mighty Q4 Falls Short
Free Idea - Just tell Wall Street you’re going to “try your best” and let them try to make a case for what that means in hindsight.
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Rivian didn't quite reach its goal of producing 25K vehicles in 2022 by just 623.
According to a statement by the company, it produced over 40% of its 24,377 total in Q4 at over 10K.
Share value fell 6% following the news, but with over 20K deliveries and a powerful Q4, we are curious to see 2023 unfold for the brand.