Rivian Stock Soars After Beating Delivery Expectations
Sunday, 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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