The company did not meet its annual target.
Despite increasing production in the closing months of the year, Rivian Automotive Inc. only produced 24,337 electric vehicles in 2022, falling short of its yearly target of 25,000 units.
Rivian shares fell 1%.
According to the statement, the company, which provides delivery cars to Amazon.com Inc., produced 10,020 vehicles in the previous three months.
Rivian, based in Irvine, California, reported delivering 20,332 automobiles to consumers in 2022.
On Wednesday, during regular New York trading, shares of Rivian decreased by less than 1%.
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