Rivian shares pop on better-than-expected Q2 deliveries

Rivian delivered 12,640 electric vehicles in the second quarter, a nearly three-fold increase from the same period last year when the EV upstart was in the thick of supply chain problems.
Rivian also reported that it produced 13,992 vehicles in the second quarter. Both results were far better than Wall Street’s expectations, sending shares flying up up more than 16%. Shares are now up more than 12% at $18.70.
Rivian said it believes it is on track to deliver on the 50,000 annual production guidance previously provided.
Rivian produces four vehicles: its two consumer vehicles, the R1T tru

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