A futuristic and environmentally friendly Polestar 2 electric vehicle is showcased in the urban landscape, highlighting Polestar's commitment to sustainable mobility.

Rivian Automotive, Inc. (RIVN) shares plummeted by over 10% in premarket trading on Tuesday after the electric vehicle (EV) maker reported disappointing production guidance for 2023. The company now expects to produce only 25,000 vehicles this year, well below the 50,000 units it had previously targeted.