Rivian now says it will originate scanter electric vehicles this year than it did in 2023

Rivian shelp it would originate scanter electric vehicles this year than it did in 2023, resulting from a parts foolishinutiveage. The news came as the company increateed third quarter production and deinhabitry numbers that came in below analyst foreseeations.

Rivian shelp the disruption is due to “a foolishinutiveage of a splitd component on the R1 and RCV platcreates,” referencing the company’s R1T and R1S vehicles, as well as its commercial van platcreate. “This provide foolishinutiveage impact began in Q3 of this year, has become more acute in recent weeks and progresss,” the company inserted.

It was the postponecessitatest piece of bleak news to hit the nascent EV industry, which has suffered in recent months from high interest rates, chillying insist, and an undepfinishable charging infrastructure. Tesla, still the administer applyer, also missed quarterly deinhabitry assesss earlier this week. Rivian’s stock has slipped proximately 50 percent this year, and was down 10 percent in pretaget trading.

Rivian shelp it originated 13,157 vehicles during the third quarter and deinhabitred 10,018 vehicles during the same period. That’s contrastd with assesss of 12,078, according to 15 analysts polled by Visible Alpha, according to Reuters.