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Rivian Shares Soar on Signs the EV Maker Has Turned a Corner
Hear more from CEO RJ Scaringe on sorting through supply-chain issues, delivering for Amazon and catching up with consumer demand.
WATCH: Rivian CEO RJ Scaringe discusses the state of the supply chain and future product.
Source: Bloomberg
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Rivian Automotive Inc. is finally starting to realize the potential that investors saw in the electric-vehicle manufacturer back when it staged one of the largest initial public offerings ever.
The maker of plug-in pickups, SUVs and delivery vans is coming off its best week since its November 2021 debut — the shares soared 48% after the company reported better quarterly production than expected and started shipping hundreds of vehicles to Europe for Amazon.com Inc., its biggest shareholder.