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Apex Trader Funding (ATF) - News

Rivian beats estimates for second-quarter EV deliveries

The Irvine, California-based startup, which makes R1T pickup trucks and R1S SUVs, has been developing its own drive unit to lower costs and reduce dependency on suppliers. The company expects demand for its pickups and sport utility vehicles to remain stable through the year, finance chief Claire McDonough said last month. Rivian second-quarter vehicle deliveries jumped 59% to 12,640, compared with estimates of 11,000 vehicles, according to 15 analysts polled by Visible Alpha.