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Rivian Stock Has Strong Upside Potential, Say Analysts
Rivian (RIVN) investors have badly needed some good news, and they finally got some on Wednesday. The struggling electric truck start-up announced Q2 vehicle production and delivery numbers, and they were better than expected. The company said 4,467 vehicles were delivered in the quarter while 4,401 vehicles were manufactured. Consensus expected deliveries to come in at 3,500. Adding further sheen, Rivian also said it remains on track to hit its 25,000 production target in 2022. The strong displ