Rivian Automotive reports Q3 adjusted EPS ($1.19), consensus ($1.33)

Reports Q3 revenue $1.34B, consensus $1.31B. Rivian said: “We produced 16,304 vehicles in the third quarter of 2023. This represents our strongest quarterly production volume to-date and importantly, required navigating the complexities of introducing new consumer variants in the manufacturing process, including the Dual-Motor and Max pack R1 vehicles. Increasing our production is one of the primary levers in our path to profitability.”