Rivian's Rapid Delivery and Fluctuating Stock Value

Rivian has announced that its R1T adventure vehicle can now be delivered in less than two weeks in some cases, thanks to its increasing production ramp. The EV maker produced 9,395 vehicles in Q1 2023 and delivered 7,946 units. Rivian has stuck with its original guidance of building 50,000 vehicles this year. The R1 Shop, introduced earlier this year, will allow buyers within a serviceable area from a Rivian Service Center to browse ready-to-go configurations that may be available for delivery in 14 days or less.