Rivian Stock Falls After EV Maker Misses Delivery Estimates, Warns of a Parts Shortage

Key TakeawaysRivian missed quarterly delivery expectations and cut its 2024 production guidance as it faces a parts shortage.The EV maker said it has difficulty getting a component used in production of its R1S SUV and RCV commercial van.Rivian said the problem began in the third quarter and has become more acute in recent weeks. Rivian Automotive (RIVN) shares sank Friday as the electric vehicle maker missed third-quarter delivery estimates and slashed its full-year production outlook because of difficulti ...