Rivian Reports Q1 Beat and Announces Expanded Georgia Plant Capacity, Shares Still Decline
Despite reporting better-than-expected adjusted EBITDA of -$472 million for the first quarter and announcing an expanded production capacity at its Georgia plant to 300,000 units annually by late 2028, Rivian's shares fell around 4% in premarket trading. The company also outlined a broader 2026 outlook with projected vehicle deliveries between 62,000 and 67,000 units.
Tickers: $RIVN
Topics: earnings guidance production_expansion software_growth stock_price_reaction