Rivian Automotive shares rise 1.8% amid Q1 2024 delivery increase and upcoming second-gen R1S SUV, R1T pickup introduction.
Rivian Automotive (RIVN) shares rose 1.8% on Monday, trading as high as $11.80 and last trading at $11.73. The company experienced a decline in average daily volume compared to previous trading days. Despite recent challenges, Rivian is set to introduce its second-generation R1S SUV and R1T pickup, which could impact the stock's performance. The electric vehicle maker reported a 71% increase in Q1 2024 deliveries and doubled vehicle production and deliveries in 2023.
June 10, 2024
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