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Rivian surges after quarterly production beats expectations

Company reaffirmed its on track to make 50k EVs

Bloomberg News

Rivian Automotive Inc. built more battery-electric vehicles last quarter than Wall Street had anticipated as the company works to ramp up production and overcome a string of supply-chain issues. Its shares soared by double-digits in early trading Monday. The company also reaffirmed its previous guidance that it’s on track to make 50,000 EVs this year, […]

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