on Monday missed first-quarter production estimates as the electric-vehicle maker grappled with supply chain constraints." in February, CEO R.J. Scaringe had flagged that the company did not have components to fully run its Normal, Illinois, plant across all lines and multiple shifts.
Rivian produced 9,395 vehicles at its Normal plant in the quarter ended March, compared with Visible Alpha's consensus estimates of 10,030 vehicles. In the fourth quarter, it built 10,020 vehicles. "We expect full-year production to be back-end weighted due to supply constraints...and the commercial line downtime we're taking in Q1 2023," finance chief Claire McDonough said on an earnings call in February.annual production targetNelson said the sequential decline in production and deliveries reflect a "step in the wrong direction for an EV manufacturer considered an early-stage growth company".
Why is everyone else reporting that they beat estimates?
FREE FREE FREE TRUMP....They destroy the name of the person who always goes out of their way...He dared a woman... drugs.. He has connections with terrorists 🤣🤣🤣 Come on Lucifer 🤫🤐🤭
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.
Source: Reuters - 🏆 2. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Carscoop - 🏆 306. / 63 Read more »