Rivian reports better-than-expected EV deliveries for the third quarter
Publishing timestamp: 2023-10-02 12:00:36
Summary
Rivian Automotive reported record third-quarter electric vehicle deliveries and remains on track to produce 52,000 EVs in 2023. The company delivered 15,564 vehicles during the quarter, exceeding Wall Street estimates. Rivian took steps to reduce spending and bolster its balance sheet earlier this year. The company also confirmed its plans to build 52,000 vehicles in 2023 and delayed the launch of its smaller R2 vehicle platform. Rivian will announce its third-quarter earnings on November 7.
Sentiment: POSITIVE
Keywords: amazon.com inc, business news, breaking news: technology, transportation, rivian automotive inc, electric vehicles, earnings, technology, business, climate, breaking news: business,
Source: https://www.cnbc.com/2023/10/02/rivian-rivn-q3-2023-deliveries-outperform.html