Electric truck startup
expects to deliver 50,000 units in 2023. Wall Street was looking for closer to 60,000 units. Shares are falling early on Wednesday.
Rivian (ticker: RIVN) reported fourth quarter numbers after the close of trading Tuesday. The company reported a fourth-quarter loss of $1.87 a share on sales of $663 million. Wall Street had been looking for a loss of $2 a share on sales of just under $800 million.