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Rivian's stock falls after 2023 deliveries more than double, but come up shy of forecasts

Shares of Rivian Automotive Inc. RIVN, -0.34% sank 3.5% in premarket trading Tuesday, after the California-based electric vehicle maker reported 2023 delivery data that came up short of expectations. The company disclosed Tuesday that during the fourth quarter, it produced 17,541 EVs at its manufacturing facility in Normal, Ill. and delivered 13,972 vehicles, compared with production of 10,020 vehicles and deliveries of 8,054 in the same period a year ago. For 2023, the company said it delivered 50,122 veh ...