:Electric-vehicle maker Rivian Automotive Inc on Monday beat estimates for first-quarter deliveries, helped by steady demand.
The company said it delivered 7,946 vehicles in the quarter ended March, compared with Visible Alpha estimates of 7,090 vehicles. It delivered 8,054 vehicles in the fourth quarter. However, Amazon-backed Rivian's production of 9,395 vehicles at its facility in Normal, Illinois in the reported quarter fell short of estimates due to supply-chain disruptions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla misses first-quarter delivery estimatesTesla Inc on Sunday missed estimates for first-quarter deliveries as a bleak economic outlook and rising competition outweighed the electric automaker's efforts to prop up demand with price cuts. Tesla delivered 422,875 vehicles compared with analyst expectations for 430,008 vehicles, according to Refinit I recommend CNA to stop getting feeds from Reuters. Unreliable biased and inaccurate source!! CNA. You can do better than this piece of article.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla's price war: Cheaper cars expected to drive record salesSAN FRANCISCO — Tesla Inc investors are waiting to see how much Elon Musk's price cuts will pay off: The electric vehicle (EV) maker is expected this weekend to report record sales as cheaper sticker prices, helped by US subsidies, spurred demand. Musk's action in January kicked off a price war that was especially heated in China, betting that Tesla's...
Source: asiaonecom - 🏆 10. / 59 Read more »