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via finance.yahoo.comBusiness & Companies

Rivian rises over 6% after third-quarter revenue up 38%

FROM THE WIRE · FINANCE.YAHOO.COM

Rivian shares surged Friday after its latest results boosted optimism that the long-struggling electric-vehicle maker is headed toward better times. The Irvine-based manufacturer announced Thursday that it posted $2.15 billion in third-quarter revenue, up 38% from last year.…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong revenue and delivery growth boost optimism on Rivian, which remains unprofitable.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue was $2.15 billion, up 38%.
  2. 02Vehicle deliveries rose 46%, driven by the new R2.
  3. 03CEO RJ Scaringe targets positive automotive gross profits by the end of 2026.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Rivian Automotive, Inc.RIVNStock12.16 USDMarket closedtoday +6.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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