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Rivian Automotive Inc. built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a needed boost as it grapples with production hurdles and heavy costs.
The company made 13,980 EVs in the first three months of the year and handed over 13,588 to customers, according to a statement April 2. The production figures compared with analysts’ average estimates of 13,817. Deliveries also came in significantly above expectations.
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