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Stock impact report

Rivian Deliveries Tank, but It's Not Time to Panic [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
catalysts to boost demand or deliveries throughout the year, and its highly anticipated R2 model doesn't launch until 2026. But is the company's slow start a reason to raise a red flag, or is it just the beginning of a lackluster year most anticipated? As Rivian investors prepared for an unspectacular year, the company still managed to top estimates, although that might not be enough to appease investors, judging by the stock's 5% drop this past Wednesday following the first-quarter news release. Digging into the numbers, Rivian delivered 8,640 vehicles during the first quarter. That result was far from the prior year's 13,588 deliveries, but still ahead of analysts' estimates calling for first-quarter deliveries of 8,200. The problem or potential red flag is because there isn't much of a reason, other than soft demand, causing the 36% drop in first-quarter deliveries. Rivian previously had a crunch in parts during the third quarter that held up deliveries, but management has si Show less Read more
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