Quartz·1 min read·medium
Rivian beat expectations as new R2 SUV became its top-selling vehicle
✦AI Summary
Rivian exceeded financial expectations this quarter, bolstered by the success of its new R2 SUV. The company also raised its full-year delivery forecast, signaling improved production efficiency.
Why it matters
As an EV startup, Rivian's ability to scale production and meet delivery targets is critical for its long-term viability against established automakers.
Revenue rose 38% from a year earlier, and the EV maker raised…
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