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Rivian's Production and Funding Boost
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Rivian Automotive raises production forecast to 54,000 units, contrasting with Tesla's concerns over EV demand. The company plans to raise $1.5 billion through convertible notes and expects its third-quarter revenue to be in line with estimates.
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How might Rivian's decision to raise production and raise funds impact its market position and competition?
In what ways could Rivian's decision to end its exclusivity deal with Amazon impact its business and the electric delivery van market?
What factors might have influenced the decision of Rivian's competitors to pull back, and how might this affect the EV market?
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