Rivian Slides as Year-End EV Deliveries Fall Short of Estimates

Rivian Automotive Inc. fell the most in almost three months as the maker of electric trucks and SUVs reported quarterly deliveries that missed expectations.

The company built 17,541 EVs in the final three months of 2023 and delivered 13,972, according to a statement Tuesday. The fourth-quarter delivery total marked a sequential decline from the prior period and fell short of analysts’ average estimate of 14,114.

Shares of Rivian fell 11% as of 3:06 p.m. in New York, the biggest intraday decline since Oct. 5. The stock rose 27% last year.

The delivery shortfall underscored the challenges facing the automaker, ...