Rivian Automotive (RIVN.O) reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.
An electric pick-up truck is pictured at the Rivian Automotive Inc facility in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blakereported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.cut its production forecast on Tuesday "to prudently align with deliveries", sending its shares down 3%.
Revenue for the July-September period was $1.34 billion, compared with Wall Street estimates of $1.33 billion, according to LSEG data.
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