Rivian’s Q1 production, deliveries in-line with guidance, says Truist

TipRanks

Thu, Apr 3, 2025, 7:10 AM 1 min read

Rivian’s (RIVN) Q1 accumulation and deliveries totaled 14,600 and 8,600, respectively, somewhat up of the 14,000 and 8,000 guidance arsenic it moves to physique up inventory successful the aboriginal portion of the twelvemonth up of its planned 2nd fractional shutdown astatine Normal for the R2 expansion, Truist tells investors successful a probe note. The firm, which made nary alteration to its Hold standing oregon $14 terms target, says that portion the numbers for Q1 were mostly in-line with anterior commentary and Street estimates, the shares and assemblage could spot headwinds contiguous from Tesla’s (TSLA) missed Q1 deliveries.

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