Rivian Automotive announced that it delivered a record 15,564 electric vehicles (EVs) in the third quarter of 2023. This surpassed Wall Street estimates and marked a 23% increase from Q2. The company also stated that it produced 16,304 vehicles during the same period at its Illinois factory. Furthermore, Rivian confirmed its commitment to producing 52,000 EVs in 2023, remaining in line with its previous guidance to investors. The company had implemented cost-saving measures earlier this year, including staff reductions and a convertible notes sale, and it had $10.2 billion in cash on hand as of June 30. Rivian will release its third-quarter earnings results on November 7.