Rivian shares jump after EV maker boosts output, annual target in sight

Rivian shares jump after EV maker boosts output, annual target in sight

By Ed Ludlow | Bloomberg
Irvine-based Rivian Automotive’s shares surged after the electric-vehicle maker reaffirmed its annual production target and revealed accelerated output in the second quarter, buoying the company as it works to overcome parts shortages and other supply-chain snags.
The EV startup built 4,401 vehicles in the period, according to a statement Wednesday, up from 2,553 in the…

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