Rivian Automotive (RIVN) Announces Resignation of Chief Accounting Officer Jeffrey Baker

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Go back to Rivian Automotive (RIVN) Announces Resignation of Chief Accounting Officer Jeffrey Baker

This EV maker has 'unique opportunity' to pull ahead of the non-Tesla pack

July 3, 2024 4:30 AM EDT

Canaccord Genuity analysts released a new note to clients on Tuesday, where they discussed an electric vehicle (EV) company that they believe has a unique opportunity to gain an edge over non-Tesla (NASDAQ: TSLA) carmakers.

On Tuesday, US EV maker Rivian (NASDAQ: RIVN) reported delivering approximately 13,800 vehicles in Q2 2024, surpassing the high end of their previously announced target range of 13,000 - 13,300 by around 3.7%. These deliveries represent a 1.5% increase from the previous quarter and a 9.1% year-over-year growth.

This morning's announced deliveries come at the high end of management's pre-announced... More