Rivian's production growth: a stock opportunity or a warning for investors?

Electric car giant Rivian Automotive recently reported fourth quarter vehicle production growth. However, the stock responded with a drop after the company delivered fewer vehicles than in the previous period. How are investors reacting to the news and what can we expect from Rivian in the future?

Shares of Rivian Automotive $RIVN saw a decline of about 10% after the company reported that it increased production of vehicles in the fourth quarter but delivered fewer vehicles than in the previous period. From October to December, 13,972 vehicles were delivered, down 10.2% from the third quarter of 2023.

Shares of $RIVN reacted to the news with a decline, closing Tuesday at $21.10 per share, down 10.1%. This decline is in contrast to last year, when the company's stock was up approximately 27%.

Rivian's production numbers, however, are interesting. In the fourth quarter, 17,541 EVs were produced, up from the previous quarter. The total number of vehicles produced for the full year is 57,232,…