Rivian delivered just over 10,000 vehicles in Q3

Rivian has reported its delivery and production numbers for the third quarter of the year, along with detailing production issues related to a parts shortage.

On Friday, Rivian announced in a press release that it delivered 10,018 vehicles in Q3, along with producing 13,157 units at its Illinois production facility. The deliveries represent the automaker’s lowest quarterly figure since Q1 last year, and Rivian also shared some insight on its recent problems at the Normal, Illinois factory.

The company stated that it’s experiencing an ongoing “production disruption,” due to a shortage of a component that’s included in both the R1 and Rivian Commercial Van (RCV) platforms. Rivian said that the parts shortage began in Q3 but had become increasingly more acute in recent weeks and will continue into Q4.

The company also said that it was reaffirming its annual delivery outlook of low single-digit growth compared to last year, with a forecasted range of about 50,500 to 52,000 vehicles.

Heading into the final three months of the year, Rivian has delivered 37,396 units and produced 36,749 units. To surpass its 2023 numbers, the company’s Q4 delivery and production figures would need to reach at least 12,726 and 20,483, respectively.

In August, it was reported that Rivian was temporarily pausing production of its vans due to a parts shortage, though it’s unclear at this time if this is the same issue.

At the time of writing, Rivian hasn’t responded to Teslarati’s request for additional details on the parts shortage.

Rivian plans to hold its Q3 earnings call on November 7 at 5:00 p.m. Eastern, along with releasing its financials after market close on the same day. You can follow along with the live webcast here, or listen to a replay on the company’s investor relations page for four weeks following the initial web cast.

Rivian’s Quarterly Deliveries in 2023 and 2024

Q3 2024 – 10,018
Q2 2024 – 13,790
Q1 2024 – 13,588
FY 2023 – 50,122
Q4 2023 – 13,972
Q3 2023 – 15,564
Q2 2023 – 12,640
Q1 2023 – 7,946

Rivian’s Quarterly Vehicles Produced in 2023 and 2024

Q3 2024 – 13,157
Q2 2024 – 9,612
Q1 2024 – 13,980
FY 2023 – 57,232
Q4 2023 – 17,541
Q3 2023 – 16,304
Q2 2023 – 13,992
Q1 2023 – 9,395

Rivian-VW partnership and Elon Musk’s take

In the second quarter, Rivian and Volkswagen announced a $5 billion investment from the German automaker, the first $1 million of which appeared in the electric truck maker’s Q2 financials. The investment is expected to create a partnership between the two companies to build electric vehicles (EVs) and an improved software platform, along with helping Rivian prepare for production of the upcoming R2 vehicles.

Last month, Elon Musk shared his thoughts on the Volkswagen investment into Rivian, ultimately asking where the German automaker would get the money for the deal amidst massive cost-cutting measures.

Rivian approved to expand its factory in Normal, Illinois

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