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Rivian has seen beating delivery estimates on resilient demand.
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The RIVN share has surged by 3.55% in the last trading session.
Rivian is grounded in Irvine, California, with its manufacturing factory in Normal, Illinois. It also has other installations in Palo Alto, Carson, Plymouth, Vancouver, Wittmann, and Woking. Rivian has over 14,000 workers and has raised over$13.5 billion in backing from investors similar to Amazon, Ford, T. Rowe Price, Cox Automotive, and BlackRock. Rivian went public in November 2021 with an original public immolation (IPO) that valued the company at around$ 60 billion. Rivian is one of the leading challengers in the electric vehicle sector, along with Tesla, Lucid Motors, and Nio.
The average number of RIVN shares traded per day is 48.04M, out of a total of 659.352M shares available in the market. The RIVN stock has a high beta of 2.7, which means it is more volatile and tends to move more than the overall market.
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