Rivian Reports Record Q3 Deliveries
Rivian posted record third-quarter deliveries beating analyst estimates following the rollout of its R2 SUV. Despite the strong results the company maintained its annual delivery guidance.
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Rivian Automotive delivered a record 19,248 vehicles in the third quarter ending September 30, beating analysts' average estimate of 18,001 units. The milestone follows the rollout of the lower-priced R2 SUV aimed at capturing a larger share of the mass market in the United States. Investors reacted cautiously as management maintained its full-year delivery guidance despite the stronger-than-expected quarterly volume.
