Rivian raises production target amid broader EV demand fears

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Go back to Rivian raises production target amid broader EV demand fears

Rivian (RIVN) gains 4% after market following raised production forecasts

November 8, 2023 9:01 AM EST

Rivian (NASDAQ: RIVN) raised their yearly production forecasts by 2,000 vehicles to reach 54,000 units as demand for the automakers electric trucks sent the companys shares up 4% in volatile after-hours trading on Tuesday.

Rivian's optimistic forecast serves as a positive for an industry grappling with the challenges of elevated inflation, which has dampened... More