BUZZ-Rivian falls after reporting decline in first-quarter deliveries

Reuters04-02
BUZZ-Rivian falls after reporting decline in first-quarter deliveries

** Electric vehicle maker Rivian's RIVN.O shares fall 2.3% to $12.86 in premarket trading

** The company delivered 8,640 vehicles in the quarter ended March 31, compared with 13,588 a year ago

** The market expected Rivian to deliver 8,200 vehicles, according to Visible Alpha

** RIVN is grappling with soft demand, partially due to the impact of the fires in Los Angeles

** 10 of 31 brokerages rate the stock "buy" or higher, 17 "hold" and 4 "sell" or lower; their median PT is $14 - LSEG data

** Up to last close, stock had fallen 0.2% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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