Rivian's Q3 revenue rose 38% to $2.16B, beating the ~$2.0B consensus, and its adjusted loss narrowed to $0.48 per share vs $0.65 expected. The R2 was already its best-selling model in its first full quarter, and Rivian raised full-year delivery guidance to 67,000-70,000 units while improving its adjusted EBITDA loss outlook.
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