Rivian Sticks to Profit Goal After Supply Snag Idled Output.

Rivian Automotive Inc. remains committed to achieving a positive gross profit in the final quarter of the year, despite facing supply-chain disruptions that affected electric-vehicle production. The company attributes its ability to meet this goal to a higher mix of premium models and sales of regulatory credits. While Rivian's adjusted loss in the third quarter was worse than expected, the company's shares rose in after-hours trading. Rivian's challenges with production have led to a reduction in its full-year production target, but it aims to deliver up to 52,000 vehicles this year. [Extracted from the article]