Rivian releases Q3 2024 vehicle delivery and production report
Rivian released its third quarter 2024 vehicle delivery and production report on Friday morning.
Following is the company's press release (emphasis ours):
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.
Rivian is experiencing a production disruption due to a shortage of a shared component on the R1 and RCV platforms. This supply shortage impact began in Q3 of this year, has become more acute in recent weeks and continues.
As a result of the supply shortage, Rivian is revising its annual production guidance to be between 47,000 and 49,000 vehicles. The company is also reaffirming its annual delivery outlook of low single digit growth as compared to 2023, which it expects to be in a range of 50,500 to 52,000 vehicles.
Rivian also announced the date for its Q3 2024 earnings call. As per Rivian's press release:
The company also announced that on November 7, 2024, after market close, it will release its third quarter 2024 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business.
The live webcast for Rivian's Q3 2024 earnings call could be accessed here.
A replay of the earnings call would be made available for four weeks at Rivian's Investor Relations website, which could be accessed here.
Check out some of our best-selling items at Rivianist!
Lift your truck safely and Change your Rivian's tires with confidence using our Rivian R1T/R1S Jack Pad Pucks! These jack pad pucks protect your truck's frame when lifted. They're made from tough aluminum to handle heavy loads, and their precise fit prevents damage to your R1T/R1S undercarriage. Their compact size makes them easy to store in your truck bed as well.
Tired of console clutter? Our Rivian R1T & R1S Lower Center Console Storage Tray doubles your space. With two levels, you can keep small items organized and easy to find. It’s also made from durable, high-quality materials that are built to last. Of course, it fits perfectly in your R1S/R1T lower center console for a clean look.
Only the best for your R1T. Our Rivian R1T All-Weather Floor Mats by 3D Maxpider shield your carpets from dirt, mud, and water—because spills and all sorts of unexpected things can happen. They’re custom-fit for perfect coverage and a sleek look, and they’re designed with raised edges to trap messes and make cleaning a snap. They’re extremely durable too.
Love your R1S, ditch the chrome with our Rivian R1S Chrome Delete (Full DIY Kit). This DIY kit lets you personalize your R1S for that cool, clean, modern, and murdered out look. They’re easy to install yourself, so you can probably complete their installation on a Saturday morning. They’re made with high-quality vinyl too, so they should last for years.
Show Off Your Sporty Style with our Rivian R1T Performance Lower Side Stripes. These performance lower side stripes add a touch of sporty flair to your Rivian R1T. They’re made from high-quality vinyl that stays on strong, and they’re very easy to apply for a professional-looking finish. They’re also available in various finishes to match your personal style.
