A supply shortage continues to hurt Rivian Automotive Inc., an electrical-vehicle company that earlier this year paused plans to build a plant in Georgia. The company announced Friday it would be cutting its production goals for the year to between 47,

As a result of the supply shortage, Rivian ( RIVN) revised its annual production guidance to be between 47,000 and 49,000 vehicles. The company is also reaffirming its annual delivery outlook of low single digit growth as compared to 2023, which it expects to be in a range of 50,500 to 52,000 vehicles.