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StockNews.com
StockNews.com
Business
Anushka Dutta

Should You Buy Rivian Automotive After Its Q2 Production Results?

Automaker Rivian Automotive, Inc. (RIVN) operates as a designer, developer, and manufacturer of electric vehicles and accessories. The company’s offerings include five-passenger pickup trucks and sports utility vehicles.

RIVN produced 4,401 electric vehicles during the second quarter, roughly doubling production quarter-to-quarter. This brings the total number of vehicles produced to 7,969 since production started last year. The company also expects to achieve 25,000 annual productions this year.

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