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Rivian stock surges over 20% after Q3 beat, R2 midsize SUV on track for 2026

Rivian (RIVN) stock surged after it reported third quarter results that beat estimates after the bell on Tuesday, as the pure-play electric vehicle maker navigates the loss of federal electric vehicle tax credits and builds toward its future with its midsize SUV. For the quarter, Rivian reported revenue of 1.55billionvs.1.55 billion vs. 1.49 billion, per Bloomberg consensus estimates, representing a 78% increase compared to the same period a year ago, as a pull-forward in deliveries boosted sales. Rivian stock spike ...