Investors unperturbed by Rivian miss

03:21am, Friday, 08'th Nov 2024
Rivian Automotive Inc (NASDAQ:RIVN) posted lower-than-expected third-quarter revenue of $874 million after supply chain issues, which affected the sourcing of parts, hit both the top and bottom lines
Donald Trump's tariff proposals and pushback on EVs could have a significant impact on automakers. Rivian CEO RJ Scaringe said during an earnings call the company has been bracing for tariffs.
Rivian Automotive, Inc. (NASDAQ:RIVN ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Tim Bei - VP, IR RJ Scaringe - Founder and CEO Claire McDonough - CFO Javier Va
Supply agreement will last over five years and total 67GWh. 4695 cells, offering a long range and high safety, will be produced in the U.S. Batteries will power Rivian's R2 model for the North America
Rivian Automotive (RIVN) came out with a quarterly loss of $1.03 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $1.19 per share a year ago.
South Korea's LG Energy Solution on Friday said its subsidiary LG Energy Solution Arizona has signed a battery supply agreement with U.S.-based automotive manufacturer Rivian.
Rivian stock is about 87% below its IPO price of $78. The post Rivian Reports Quarterly Loss; 'On Track' For Gross Profit Per Vehicle Delivered appeared first on Investor's Business Daily.
Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.

EARNINGS ALERT: TDD, EPXE, ABNB, PINS, RIVN

04:48pm, Thursday, 07'th Nov 2024
Investors appear to favor Expedia (EXPE) in after-hours trading. The Trade Desk (TTD) gave back most of its recent gains despite an earnings beat, while Airbnb (ABNB) rallied ahead of the holiday seas
Rivian CEO RJ Scaringe joins 'Closing Bell Overtime' to talk quarterly results, the impact of a second Trump administration and more.

Rivian misses on quarterly results

04:47pm, Thursday, 07'th Nov 2024
CNBC's Phil LeBaue breaks down Rivian earnings.
Electric vehicle company Rivian Automotive RIVN reported third-quarter financial results after market close Thursday.
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV startup struggled to resolve a component shortage that disrupted pro
Rivian posted its first drop in quarterly revenue on Thursday since the electric vehicle maker went public three years ago.
Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million. The automaker's net loss narrowed year-over-year to $1.1 billion compared
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