Rivian Automotive Inc delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand.
The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter.
The upbeat figures sent the company's shares 9% higher, putting them on course to pare losses of about 35% for the year.
"The most important thing for the stock right now is to provide investors confidence on its 2022
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