Rivian jumps after the EV maker says 3rd-quarter deliveries surged 47% and that it's on track to produce 25,000 cars in 2022

Rivian stock jumped 8% on Tuesday after the EV maker said it would produce 25,000 vehicles this year.

As evidenced by the recent troubles at Ford, investors have been on edge about supply chain disruptions in the auto market.

In the third quarter, Rivian delivered 6,584 vehicles to customers. The R1S and R1T electric trucks have different production and delivery splits.

Rivian will need to produce 10,683 vehicles in the fourth quarter to meet its full-year guidance.

In the third quarter, Rivian's deliveries were up 45% compared to the second quarter and up 431% compared to the first quarter.

The company is ramping up but still losing money. According to analyst estimates, Rivian lost more than $3 billion in the first half of the year.

Rivian is going to be a challenge as it expands production because stock market investors are shifting their focus to profits. Rivian has lost about 120 billion in market value since peaking in November 2021.

The electric vehicle stocks rose early Tuesday after Rivian's guidance update helped drive a pop in the stock.