Rivian Had Explosive Growth In Hottest U.S. EV Market

California-based electric vehicle manufacturer Rivian has seen significant growth in the state, according to data released by The California New Car Dealers Association. The company experienced a 200% increase in vehicle registrations in the state during the first half of 2023, making it the fastest-growing car manufacturer in California. Rivian's R1S SUV has also been popular among consumers considering alternatives to Tesla, with a 34.1% "popularity" rating. The company's future growth is expected to come from its upcoming R2 platform, which will result in smaller and cheaper EV models. Rivian's stock has also been recommended as a "fresh pick" by analyst Ben Kallo.

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A: The article discusses Rivian's explosive growth in the U.S. EV market. It highlights Rivian's success and position in the market.