Shares went from $13.45 on June 26 to $25.51 on July 10 on Rivian's strong Q2 2023 results and some investors shorting the stock.
In November 2021, Rivian Automotive raised $11.9 billion in the biggest initial public offering of the year, with a share worth $129.95 at the time.
. The company achieved production of 13,992 vehicles and 12,640 deliveries, and reaffirmed its annual production guidance of 50,000 units.
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