But one of these EV companies has clearer near-term advantages.

Rivian said it would make fewer electric vehicles this year than it did in 2023, resulting from a parts shortage. The news came as the company reported third quarter production and delivery ...

Rivian reported $1.2 billion in revenue during this year’s first quarter, an 8.4% decrease from the fourth quarter but 82% more than Rivian reported during the first three months of 2023.

Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and shipped 13,972. Rivian did signal that it plans to make roughly the same number of EVs as it did in 2023.

Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and shipped 13,972. Rivian reaffirmed on Tuesday that it plans to make around the same number of EVs as it did ...

In 2023, he told staff Rivian was developing an electric bike, Bloomberg reported. Rivian said it has a “substantial minority ownership stake” in Also, which will be based in Palo Alto.

Rivian lowers 2024 manufacturing goal due to ‘production disruption’ EV maker produced 13,157 vehicles at its Illinois factory and delivered 10,018 vehicles from July until September.

Rivian EV Deliveries - Q1 2024 For reference, in 2023, Rivian produced over 57,000 electric vehicles and delivered more than 50,000. In both cases, the results more than doubled compared to 2022.

In Q1 of 2023, Rivian lost $67,329 per vehicle sold. This number dropped significantly to $38,784 per vehicle in Q2.

Rivian’s net loss fell to $1.1 billion in the third quarter, down from $1.34 billion in Q3 2023. The company lost around $39,000 on each vehicle delivered in Q3, up from the $30,648 loss the ...

Rivian is slashing its annual forecast to 47,000–49,000 vehicles in 2024, down from 57,000 vehicles in its original prediction.