Rivian shares decline on 2021 production and executive departure


Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York.

Ann-Sophie Fjello-Jensen | AP

Shares of Rivian Automotive fell 5% in afterhours trading Monday after the company said it missed its 2021 vehicle production target and confirmed the departure of its chief operating officer.

The electric vehicle start-up said it built 1,015 vehicles in its first few months of production – falling 185 vehicles short of an initial manufacturing target. Of those vehicles, 920 were delivered to owners, Rivian said in a release.

The final tallies, which were announced after the markets closed, did little to help the company’s stock, which lost 5.6% earlier in…


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