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Rivian CEO: Vehicles 'Resonate Extremely Well' With Consumers And Driving Demand

Rivian Automotive Inc (NYSE: RIVN) CEO RJ Scaringe spoke to the robust demand the Irvine, California-based company is seeing for its vehicles following its third-quarter (Q3) print

What Happened: Rivian exceeded analyst expectations in Q3. The electric vehicle (EV) maker reported revenue of $1.337 billion, beating estimates of $1.327 billion and a loss of 1.19 per share, beating estimates for a loss of $1.32 per share.

After producing 16,304 vehicles in the third quarter, Rivian raised its 2023 production guidance to 54,000, citing production advancements and supply chain improvements.

Related Link: Rivian Cruises With Open Options In EV Space, Not Just Amazon: 6 Analysts Peek Under the Hood ...

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