From Investing.com:

Rivian Automotive missed Q4 delivery estimates, with 13,972 vehicles delivered. The high interest rates in the US have made EVs less affordable, affecting demand. Production increased by 7.5%, surpassing the annual forecast at 57,232 units. Analysts worry that the rapid cash burn may require additional funding, despite the company’s assurance of financial stability. Elon Musk’s Tesla beat expectations, applying pressure to the sector. Rivian recently introduced a leasing option for its R1T electric pickup truck.



Read more: EV maker Rivian misses quarterly deliveries expectations, shares tank By Reuters