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Rivian Surges With Delivery Boost and Autonomy Push | Raleigh News
Rivian just dropped a major update that’s sending shockwaves through the market—boosting its annual delivery target to 65,000–70,000 vehicles, up from 62,000–67,000, after smashing Q2 production and delivery goals. BNP Paribas is now bullish, lowering its price target slightly to $22 but still way above the average analyst forecast, citing Rivian’s realistic, achievable goals like hands-free driving by year-end. The bank also highlights Rivian’s strategic moves: a potential in-house lidar production via joint venture (with key tech coming from China), and plans to equip its R2 model with…
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