Rivian Automotive Shares Surge After Surpassing Production Estimates
Rivian Automotive (RIVN) shares soared by 23% on Friday, reaching their highest level in five months. The rally followed the electric vehicle (EV) maker’s announcement that its full-year production exceeded revised estimates and that a production issue affecting its output had been resolved. 2024 Production Figures The Illinois-based manufacturer reported that it built 49,476 vehicles…