Rivian said it produced 24,337 vehicles last year, slightly missing its 25,000 target.
for the company as well as Rivian investors. Shares of the automaker declined by more than 80% during 2022 amid production, parts and supply chain problems.
Rivian said during its IPO roadshow in 2021 that it expected to build 50,000 vehicles last year. But it cutShares of Rivian during early trading Wednesday dipped by as much as 4.5% to $16.56 a share before leveling off at about $17 a share. A year ago the stock traded for $106.80 a share.
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