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Rivian beats quarterly revenue estimate, raises production forecast

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Rivian reported better-than-expected third-quarter revenue and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.

Automotive reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.The electric-vehicle maker also said it will end its exclusivity deal to largest shareholder Amazon for its electric delivery van, opening the door for more customers around the world

The company reported third-quarter revenue of $137.8 million compared with analysts' estimates of $183.8 million, according to LSEG.

 

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Rivian raises full-year production forecast, shares riseRivian Automotive (RIVN.O) reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.
Source: Reuters - 🏆 2. / 97 Read more »