By Gary S. Vasilash

In reporting its 2023 Q4 production numbers, Rivian stated it produced 17,541 vehicles at its factory in Normal, Illinois, and delivered 13,972 during the same period.

In Q3 it built 16,304 vehicles and delivered 15,564.

In Q2 the numbers are 13,992 made and 12,640 delivered.

And first and numerically least, in Q1 it produced 9,395 vehicles and delivered 7,946.

So for the full year it built 57,232 vehicles and delivered 50,122.

In Q3 Rivian management’s guidance was that it would build 54,000 vehicles during 2023, so there is a 3,232 bonus, apparently.

But doesn’t the ~12% of vehicles that were built in 2023 and not delivered seem like a lot sitting in lots?