Electric vehicle maker Rivian Automotive has reported a surprise beat on delivery estimates, sending shockwaves through the market. The company, known for its R1T pickup truck and R1S SUV, delivered 14,454 vehicles in the second quarter, surpassing analyst expectations of 12,000 units. This impressive performance has propelled Rivian's stock to the top of the GraniteShares 2x Long Natural Gas ETF (RVNL), which tracks the performance of electric vehicle-related stocks. The unexpected delivery numbers are a major boost for Rivian, which has been navigating a competitive EV market and high production costs.
Rivian Beats Delivery Estimates, RVNL Tops EV ETFs - Rivian Automotive (NASDAQ:RIVN), GraniteShares 2x Lo Benzinga
