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Rivian Stock Soars After Beating Delivery Expectations

Marcus LeeSunday, Jan 5, 2025 12:11 am ET
1min read


Rivian Automotive, Inc. (RIVN) shares surged on Friday, January 3, 2025, following the release of its Q4 2024 production and delivery figures. The electric vehicle (EV) manufacturer reported that it produced 12,727 vehicles at its Normal, Illinois facility and delivered 14,183 vehicles during the same period. This positive news, coupled with the resolution of a previously identified shared component shortage, has boosted investor confidence in the company's growth prospects.

Rivian's Q4 2024 performance demonstrates solid execution, with 14,183 deliveries and 12,727 units produced. The company's ability to deliver more vehicles than it produced indicates strong demand absorption and effective inventory management. This trend is a testament to Rivian's efficient logistics management and healthy channel inventory, as evidenced by the 1,456 unit positive gap between Q4 deliveries and production.

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AUSTIN TYLER
01/05

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rareinvoices
01/05
$RIVN has dipped back to 1350 this morning. It’s going to fall quickly. It's like that feeling when you sit down to use the restroom and before you know it, you're already done – it just happens that fast.
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01/05

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01/05

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