Rivian Slashes Production Forecast
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fewer vehiclesReuters
•Rivian lowers annual production forecast due to parts shortage
79% Informative
Rivian now expects full-year production to be between 47,000 and 49,000 vehicles.
Shares of the company fell over 6% in premarket trading.
The stock has declined more than 50% this year .
Rivian delivered fewer vehicles in the third quarter than analysts had expected.
U.S. market leader Tesla missed quarterly deliveries estimates earlier this week .
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