Rivian Shares Climb After Q4 Results Top Estimates

Rivian Automotive stock is showing exceptional strength. Why is RIVN stock surging?EPS And Revenue Results; Production And DeliveriesRivian reported an adjusted loss of 54 cents, beating the consensus estimate of a 68 cent loss. In addition, it reported revenue of $1.28 billion, beating the consensus estimate of $1.27 billion.Automotive revenue totaled $839 million, down 45% year-over-year from $1.520 billion, primarily driven by a $270 million decrease in regulatory credit sales, lower vehicle deliveries f ...