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Is Rivian Automotive Stock a Buy Now?

TheMotleyFool

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Is Rivian Automotive Stock a Buy Now?: https://g.foolcdn.com/editorial/images/760119/rivian-manufacturing-normal-01.jpg

Rivian Automotive's (NASDAQ: RIVN) stock price dropped 10% on Jan. 2 after the electric vehicle maker posted its latest production numbers. For the fourth quarter of 2023, it produced 17,541 vehicles and delivered 13,972 vehicles.

For the full year, it produced 57,232 vehicles and delivered 50,122 vehicles. That surpassed its latest full-year production target of 54,000 vehicles, but investors won't know the other finer details until it posts its full earnings report on Feb. 21.

Image source: Rivian.

Source Fool.com

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