An electric vehicle startup posted strong growth in its latest quarter, with deliveries surging to a company record while revenue climbed nearly 40 percent. Despite the gains, the company still reported a net loss, though it improved significantly compared to previous periods. Analysts will be watching whether the momentum can continue as Rivian expands production and faces competition in the booming EV market. The figures highlight both rapid scaling and ongoing financial challenges in the high-growth sector.
Rivian's deliveries rose 46 percent to a record 19,248, revenue climbed 38 percent to $2.2 billion and its net loss narrowed 22 percent to $907 million.
