Rivian Stock Up Over 97% This Year Despite Challenges

Rivian Automotive (NASDAQ: RIVN) stock is up more than 97% in 2023, even though the company faces a number of challenges, including supply chain disruptions and rising costs. The stock rally began in June after Rivian reported strong second-quarter deliveries. The company delivered 12,640 vehicles in the quarter, far exceeding analyst expectations. Rivian also raised its full-year production guidance to 52,000 vehicles, nearly double last year’s production. The stock rally has continued despite the fact that Rivian is still losing money. The company reported a net loss of $1.59 billion in the second quarter. <a href="https://medium.com/@stockreporter/rivian-stock-up-over-80-this-year-despite-challenges-1da97ec08c44">Visit Now</a>