Why Is Rivian Automotive Stock Surging Today?

Category: Automotive

Rivian Automotive, Inc. reported a 1.5% increase in fourth-quarter deliveries to 14,183 vehicles and a total of 51,579 units delivered in 2024, marking a 3% rise from 2023. The company produced 12,727 vehicles in the fourth quarter, with total production for the year at 49,476, aligning with its guidance. Rivian also noted that a previously mentioned component shortage is no longer affecting production. RIVN shares rose by 12.9% to $14.96.

Keywords: Rivian, Electric Vehicles, Stock Market

Source: Yahoo Finance

Update At: 1/4/2025

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