Rivian's Q3 EV Deliveries Surpass Previous Year

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【Summary】Rivian delivers 15,564 EVs in Q3, doubling last year's numbers. Stock slumps despite meeting expectations.

FutureCar Staff Oct 02, 2023 9:19 AM PT

Rivian's Q3 EV Deliveries Surpass Previous Year

Rivian Automotive Inc. announced on Monday that it had successfully delivered over 15,000 vehicles during the third quarter. This number represents a significant increase compared to the previous year's deliveries.

Despite the positive news, the stock market did not react favorably to Rivian's announcement. The company's stock, RIVN, experienced a 2.4% decline during premarket trading. This decline puts an end to its five-session winning streak.