The New York Entrepreneur

: Rivian delivers 7,946 vehicles in first quarter, says it’s on pace to meet annual production goal

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Rivian Automotive Inc. RIVN produced 9,395 vehicles at its Normal, Ill. manufacturing facility during the first quarter, the electric-vehicle company announced Monday morning. Rivian also delivered 7,946 vehicles in the period. Analysts tracked by FactSet were expecting about 8,000 deliveries for the quarter, based on three estimates. Rivian described the delivery and production figures as being in line with its own expectations. The company expects that it’s on pace to meet its production goal of 50,000 units for the year. Rivian will post its first-quarter results after the closing bell on May 9. Shares of the company were off about 1% in premarket trading Monday.

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