Rivian rallies on strong EV sales
Rivian shares surged after the Irvine EV maker beat Wall Street forecasts in its third-quarter earnings. Revenue climbed 38 percent from a year earlier on robust vehicle deliveries. The strong results signal growing demand that could encourage more local startups to scale clean-tech manufacturing in Southern California.
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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to LA Times Business; we do not republish the article.
