US Stock Market Move | Raise full-year sales outlook, electric car company Rivian (RIVN.US) up more than 12%.

On Thursday, the stock price of American electric car company Rivian (RIVN.US) surged significantly, with an increase of 12.1% at the time of writing. Over the past week, the stock has continued to rise, showing strong momentum with a total increase of over 23%. On the news front, this electric car manufacturer delivered 12,194 electric vehicles in the second quarter, exceeding Wall Street's expectations of around 10,600 vehicles. Additionally, the company raised its full-year sales forecast in a statement, now expecting to deliver 65,000 to 70,000 vehicles this year. Rivian stated that with the launch of its new R2 electric SUV, sales of its commercial trucks and R1 series electric vehicles have seen strong month-on-month growth.