Rivian stock has its best day ever after EV maker reports 2024 production, deliveries

Category: Automotive

Rivian Automotive's shares surged 24.5% after the company reported production and delivery figures for 2024 that met expectations. The automaker produced 49,476 vehicles and delivered 51,579, exceeding analyst estimates. Rivian had previously lowered its production target due to component shortages, but confirmed that these issues are resolved. The stock had a significant decline last year but is set to announce its fourth-quarter financial results on February 20.

Keywords: Rivian, electric vehicles, stock market

Source: CNBC

Update At: 1/4/2025

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