Rivian's Stock Is Surging After It Reported More Deliveries Than Expected

Rivian is still seeing solid demand for its upscale outdoorsy EVs.Shares of Rivian Automotive (RIVN 22.49%) were trading higher on Friday after the company announced fourth-quarter production and delivery results that were better than Wall Street expected.As of 1:40 p.m. ET, Rivian's shares were up 23% from Thursday's closing price.Demand for Rivian's EVs was stronger than Wall Street expectedRivian said on Friday morning that it produced 12,727 electric vehicles (EVs) in the fourth quarter, and delivered 1 ...