Rivian Delivery Volume Increased By Over 500% Year-on-year, Revenue In The First Quarter Was Better Than Wall Street’s Expectations

Electric-car maker Rivian reported first-quarter earnings that topped Wall Street analysts’ expectations on first-quarter revenue, driven by growth in sales of electric pickup trucks. Rivian delivered 7,948 electric pickups this quarter, a 548% year-over-year increase, and maintained its production forecast for this year, which is to produce 50,000 electric vehicles in 2023. Rivian also cut…

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