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Rivian Stock (RIVN) Spikes 23% — What’s Behind the EV Maker’s Biggest Rally Since January?

Rivian Stock (RIVN) Spikes 23% — What’s Behind the EV Maker’s Biggest Rally Since January?

Author:

Global Cryptocurrency

Published:

2025-11-06 06:41:02

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BTCCSquare news:

Rivian Automotive shares surged 23% to $15.42, marking their strongest performance since January. The rally followed a third-quarter earnings beat that reignited Optimism about the company's cost-cutting measures and production ramp-up for its mass-market R2 SUV.

CEO RJ Scaringe positioned the R2 as a Tesla competitor, with a target price of $45,000–$50,000 and production costs roughly half those of Rivian's premium R1 line. Investors shrugged off short-term losses, betting instead on the company's pivot toward affordability and scalability.

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