Rivian Automotive (NASDAQ: RIVN) has disappointed a lot of investors since its IPO in November 2021. Rivian initially attracted a lot of attention because it was backed by Amazon and Ford Motor, and it aimed to produce 50,000 vehicles in 2022. Its production target for 50,000 vehicles in 2023 has also fallen short of the consensus forecast for at least 62,000 vehicles -- and it quietly stopped updating its total R1 pre-orders in the fourth quarter of 2022. Read More...
Rivian Automotive (NASDAQ: RIVN) has disappointed a lot of investors since its IPO in November 2021. Rivian initially attracted a lot of attention because it was backed by Amazon and Ford Motor, and it aimed to produce 50,000 vehicles in 2022. Its production target for 50,000 vehicles in 2023 has also fallen short of the consensus forecast for at least 62,000 vehicles — and it quietly stopped updating its total R1 pre-orders in the fourth quarter of 2022.
