Rivian (RIVN) Stock Rallies 23% as Revenue Nearly Doubles Year-Over-Year

TLDR Rivian stock jumped 23.36% on Wednesday, closing at $15.42 per share after beating Q3 earnings estimates. Revenue surged 78% year-over-year to $1.558 billion, driven by higher automotive sales and buyers rushing to purchase before EV tax credit expiration. The company posted a gross profit of $24 million, bouncing back from last quarter’s loss. Rivian [...]

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