rivian guides for production of 50000 vehicles in 2023 rivian automotive inc late tuesday reported a narrower quarterly loss but sales that were below expectations sending the ev makers stock more than 7 lower in afterhours trading investors also struggled to digest a slight production miss for the year weaker 2023 production guidance and news that supplychain problems still hindered rivian and are not expected to go away in the near future rivian rivn lost 17 billion or 187 a share in the quarter compared with 25 billion or 483 a share in the same period last year factset consensus called for a loss of 196 a share on sales of 724 million for rivian we believe the supply chain will continue to be the main limiting factor of our normal ill facility output rivian executives said in a letter to shareholders our team continues to work on the introduction of new engineering design changes and key technologies which will take effect during the second half of 2023 to help mitigate anticipated supplychain constraints the ev maker guided for the production of 50000 vehicles in 2023 rivian produced 24337 vehicles in 2022 just under guidance of 25000 vehicles for the year the company has yet to turn a profit after going public in november 2021 in an initial public offering that valued rivian at nearly 90 billion and raised about 12 billion see alsogreenlight sells off intel and rivian adds tenet funko shares of rivian have declined about 71 in the last 12 months which compares with losses of around 9 for the sp 500 index 