Rivian Automotive (RIVN.US) saw a significant rise of over 4% as its Q4 delivery volume surpassed expectations.

Market IntelFriday, Jan 3, 2025 9:40 am ET

1min read

Rivian Automotive(RIVN.US) announced on Friday that its manufacturing plant in Normal, Illinois produced 12,727 vehicles in the fourth quarter of 2024 and delivered 14,183 vehicles during the same period, both exceeding analysts' consensus estimates. The stock rose more than 4% on the news.For the full year of 2024, the company produced 49,476 vehicles and delivered 51,579 vehicles. This performance roughly met the company's full-year target of producing 47,000 to 49,000 vehicles and delivering 50,500 to 52,000 vehicles.Notably, Rivian said that the shortage of shared parts between the R1 and RCV platforms no longer constrains its production. This suggests that its production capacity may further improve in the future.In addition, Rivian plans to release its fourth-quarter earnings on February 20, 2024, and the market will closely monitor its financial performance and future outlook.

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