Rivian Automotive Inc. (NASDAQ:RIVN) announced that it produced 4,401 vehicles at its manufacturing facility in Normal, Illinois during Q2 and delivered 4,467 vehicles during the same period.
The automaker said it believes it is on track to deliver on the annual production guidance issued previously for 25K vehicles.
Rivian Automotive (RIVN) is due to post its Q2 earnings report during the early part of August.
Shares of RIVN jumped 3.55% to $27.82 in premarket action on Wednesday. The market cap on RIVN is still at $23B despite the more than 80% drop from its high. Short interest on the stock stands at 11.27% of total float.
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