Rivian's deliveries rose 85% from a year earlier, and it kept its yearly target. Falling shares and continued share sales point the other way, leaving its outlook balanced.
R2 demand and Rivian's retained delivery target point to more sales. Repeated share sales leave each existing owner with a smaller slice of the company. These facts point in opposite directions, so the story does not clearly change Rivian's outlook.
Tesla appears only as a comparison of vehicle production and deliveries, not as the subject of a company change. The article gives no reason to change Tesla's outlook.
Follow Rivian Automotive, Inc. (RIVN) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for RIVN