Author: Paul Lienert and Akash Sriram

Electric vehicle maker Rivian Automotive barely missed its full-year production target of 25,000 vehicles in 2022, the company said in a filing late on Tuesday. Before the Securities and Exchange Commission released the filing, Rivian's shares closed down nearly 6% to $17.34, but saw little movement in after-hours trade. Rival Tesla, which also missed its production targets, had a rougher trading day, as its shares plunged more than 12% to $108.10, then limped along after hours.

Electric vehicle maker Rivian Automotive just missed its full-year production target of 25,000 vehicles in 2022, the company said in a filing late on Tuesday. Before the Securities and Exchange Commission released the filing, Rivian's shares closed down nearly 6% to $17.34. After cutting its initial 50,000 production forecast in half in mid-2022, Rivian said it produced 24,337 vehicles last year at its Normal, Illinois, plant, and delivered 20,332.