Rivian’s recent third-quarter financial report reveals a fascinating juxtaposition of soaring sales against a backdrop of substantial financial losses. This dichotomy paints a picture of a company at the cusp of significant growth, albeit grappling with the challenges inherent in the EV industry. Rivian has boldly revised its production target for 2023, now aiming to manufacture a staggering 54,000 units of its R1T and R1S electric vehicles, up from its previous goal of 52,000. This adjustment comes in the wake of a remarkable 121% increase in vehicle production in the third quarter,… More…