Shares of Rivian recorded their best day ever after the EV maker reported 2024 production and deliveries that were in line with the company's previously announced expectations. Rivian stock closed Friday at $16.

Rivian surpassed analysts' expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit.

Rivian finished last year having delivered 51,579 electric SUVs, trucks, and vans, more than triple the number it shipped to customers in 2023. The