On Monday, Rivian Automotive announced it had beaten expectations for electric vehicle deliveries during its third financial quarter.
According to Rivian’s statement, the company delivered 15,564 EVs in Q3, up 23% from the previous financial quarter.
The company went on to announce that it’s still on track to produce its target goal of 52,000 EVs during 2023.
Despite Rivian’s performance, the company’s stock closed down 2% Monday.
