Rivian Stock Sell-Off Overdone? Why This Fund Manager Shrugs Off Q4 Deliveries Miss
Rivian delivered 13,972 EVs in the fourth quarter compared to the consensus estimate of 14,114, representing a 1% miss, said Future Fund Managing Partner Gary Black. The fourth quarter was down 10% from the third-quarter number of 15,600 units, he noted.
The analyst, however, emphasized the production figure. Rivian produced 17,541 vehicles, ahead of the consensus estimate of 15,000 units, he noted. “This is the more important number since unlike $Tesla (TSLA.US)$ , RIVN truly is supply constrained,” he said.
The analyst, however, emphasized the production figure. Rivian produced 17,541 vehicles, ahead of the consensus estimate of 15,000 units, he noted. “This is the more important number since unlike $Tesla (TSLA.US)$ , RIVN truly is supply constrained,” he said.
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