Rivian shares surge as second-quarter EV deliveries top estimates
Publishing timestamp: 2023-07-03 13:10:16
Summary
Rivian's stock jumped over 17% after the company reported higher-than-expected vehicle deliveries for the second quarter. The electric vehicle maker delivered 12,640 vehicles, surpassing analyst estimates of 11,000 vehicles. Rivian also reiterated its annual production target of 50,000 units. The increase in share price is a positive sign for investors bullish on EV stocks, and other EV startups saw their shares rise after Tesla and Rivian reported strong delivery numbers.
Sentiment: POSITIVE
Tickers: LCID, RIVN, NKLA, GOEV, TSLA,
Keywords: breaking news: business, autos, business, technology, canoo inc, business news, rivian automotive inc, earnings, nikola corp, transportation, lucid group inc, tesla inc, breaking news: technology,