Rivian, the American electric vehicle manufacturer, announced delivery of 13,588 vehicles in the first quarter of 2024, an increase over the previous year but a decrease compared to the previous quarter. These figures exceed market expectations of 13,000 units but still put pressure on Rivian's stock, which fell 4.91 percent in NASDAQ trading.

Rivian Confirms Annual Production Forecast of 57,000 Vehicles but Faces Challenges Due to Announced Production Shortfalls in the Coming Quarters. Rivian's Stock Decline by 55 Percent Since the Beginning of the Year Contrasts with the Generally Strong Market Performance. Analysts Expect Focus on Cost Reductions and Target to Achieve Positive Gross Profit Per Unit in the Fourth Quarter Will Be a Priority.

Despite Challenges, Baird Equity Research Maintains Its Positive Rating on the Stock with a Target Price of $23, But Points to Speculative Risk. In the Global Context of Electric Vehicle Manufacturers, Tesla Regained Top Position Despite a Decline in Deliveries in the First Quarter, While Chinese Competitors Continue to Record Strong Growth.

Rivian Plans to Release Its Financial Results for the First Quarter on May 7, Which Could Provide Further Insight into Corporate Performance and Future Strategies.