Early this week, the manufacturer of electric vehicles (EVs) reported better-than-anticipated quarterly deliveries.

On Monday, Rivian reported delivering 12,640 automobiles.

the second quarter on consistent client demand, exceeding market expectations.

 This outcome was consistent with the market leader Tesla Inc.'s (TSLA.O) performance.

Since last week, the shares of a number of EV manufacturers have increased as the market anticipates excellent quarterly delivery reports.

On Friday, Rivian set a record for daily trading volume.

The stock, which is currently the second most actively traded stock, is well-liked by retail investors.

the top-trending stocks on stocktwits, a social media platform.

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