Rivian Shares Soar on Stronger-Than-Expected Production Numbers
Rivian Automotive’s stock price rose significantly after the company announced it produced more electric vehicles than initially forecasted. The Illinois-based manufacturer built 49,476 vehicles in 2024, exceeding its revised estimate of between 47,000 and 52,000. This surpasses the company’s previous production numbers. A component shortage had previously limited Rivian’s output but was resolved, according to … Read more