- US electric car maker Rivian saw its first quarter deliveries drop 36% year-on-year to 8.64 thousand, according to a press release.
Wall Street analysts on average estimated the company’s sales at about 9,000 vehicles.
Meanwhile, production last quarter rose 4.5 per cent to 14,611,000 vehicles.
Rivian reiterated its 2025 year-end production forecast in the range of 46,000-51,000 cars.
The company is scheduled to release its first quarter financial results on 6 May.
Rivian’s stock price is down 5.6 per cent during trading on Wednesday. The carmaker’s market value has fallen by 5.8% (to $15bn) since the beginning of this year, while the Nasdaq Composite stock index has lost about 10%.