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Rivian's stock soared over 20% after reporting a 78% revenue increase in Q3, reaching $1.55 billion, fueled by early buying before EV tax credit expirations. Despite a per-share loss of $0.65, the company is on track for the 2026 launch of its R2 midsize SUV, enhancing its production capabilities. Rivian maintained its loss projections amid ongoing challenges but remains optimistic about its strategic advancements in electric vehicle technology.
Source: YAHOO