Rivian sees increase in vehicle deliveries and attracts investment from Uber Technologies
RIVN Rivian Automotive Inc
$11.83 -1.91%
View chart & analysis → - 1Rivian's third-quarter vehicle deliveries increased approximately 45% year-over-year to 19,248 units.
- 2Uber Technologies agreed to invest up to $1.25 billion in Rivian by 2031.
- 3Rivian's software segment recorded $515 million in second-quarter revenue and a 42% gross margin.
So what's the key point?
Rivian sold 45% more cars than last year and secured a large investment from Uber Technologies. The company received good news through increased vehicle sales and new investment.
Source The Motley Fool +1 · View original ↗
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