Rivian Soars Over 23% This Morning After Crushing Q4 Delivery Estimates

Rivian Automotive (RIVN) stock surged over 23% in early morning trading on Tuesday, January 5, 2025, following the company's announcement of its fourth-quarter and full-year 2024 production and delivery figures. The electric vehicle (EV) manufacturer delivered more vehicles than expected in the final quarter of the year, easily topping Wall Street estimates and meeting its full-year guidance.

Rivian delivered 14,183 vehicles in the fourth quarter of 2024, surpassing estimates of around 13,500 and surging over 40% from the previous quarter. This high delivery total allowed Rivian to meet its full-year guidance of 50,500 to 52,000 vehicles delivered. In total, Rivian delivered 51,579 vehicles in 2024, slightly higher than the 50,122 vehicles delivered in 2023.