Why Is Rivian (RIVN) Stock Up Today?
Shares of Rivian (NASDAQ:RIVN) stock are in the green by 7.5% after the electric vehicle (EV) company announced its second-quarter production and deliveries.Rivian produced 9,612 vehicles compared to 13,992 vehicles a year ago, signaling a drop of 31.3%. On the bright side, the company reaffirmed its 2024 production guidance for 57,000 vehicles. Production for 2023 totaled 57,232 vehicles.Rivian delivered 13,790 vehicles, up by 9.1% compared to 12,640 vehicles year-over-year. Analysts were expecting 12,000 ...