Rivian Automotive Inc.'s stock rallied on Monday after the opening bell on Wall Street following the carmaker's announcement that its deliveries for the second quarter of the fiscal 2023 came in higher-than-expected.
The company's Illinois manufacturing facility produced 13,992 vehicles over the three months that ended on June 30 while delivering 12,640 automobiles to customers. Earlier, the electric vehicle manufacturer teamed up with Tesla Inc. to gain access to its charging stations network across North America.
The California-based company's shares surged 15.94% to $19.32 apiece at 10:24 am ET.