Rivian Stock Tumbled Over 2% in Premarket Trading
Tiger Newspress2022-01-11
Rivian Stock Tumbled Over 2% in Premarket Trading. Rivian Automotive Inc produced 1,015 vehicles by the end of 2021, missed its goal of producing 1,200 cars in 2021.
Last month, Rivian said it expected production to be "a few hundred vehicles short" of its 2021 target of 1,200 because of supply chain constraints.
The company delivered 920 vehicles by the end of 2021, according to the filing.
Separately, Rivian said Rod Copes retired as chief operating officer.
"Rod began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp," the company said in an emailed statement on Monday.
Copes' duties have been absorbed by the company's leadership team, the statement said.
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