Rivian CEO Says New Orders Are Driving Up Prices

01:54pm, Wednesday, 08'th Nov 2023
Rivian Automotive Inc.'s chief executive officer RJ Scaringe says new orders are driving up the average sales price of its electric vehicles. He also says other fleet operators are interested in the
Sometimes it makes sense for investors to try and identify good stocks in a sector instead of making a big bet on an overarching trend. Case in point?
Rivian boosted production guidance when other EV makers are throttling back. Rivian will soon begin selling electric vans to more customers.
CNBC's Phil LeBeau and Rivian CEO RJ Scaringe join 'Squawk Box' to discuss the company's quarterly earnings results, where the majority of buyers are coming from, growth forecast, competition in the E
Rivian Automotive (NASDAQ: RIVN ) stock rose nearly 7% overnight after posting better-than-expected revenue and earnings. It also increased its 2023 production target by 2,000 vehicles.

3 EV Stocks Moving Sharply After Quarterly Updates

09:11am, Wednesday, 08'th Nov 2023
Electric vehicle (EV)  stocks are moving sharply this morning, after Rivian Automotive Inc  (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ:LCID) announced third-quarter results, and Fisker Inc (NYSE:
Markets have been solid in November. Rivian got a boost from solid results and more upbeat guidance.
Rivian NASDAQ: RIVN caught the market's attention when it announced Q3 deliveries and set the date for earnings reporting. The company outpaced expectations and reiterated its guidance, which was view
Tesla depends on a high margin to fund its long-term growth plans. Rivian is set to break ground on its Georgia manufacturing facility early next year.
Rivian Automotive Inc (NASDAQ:RIVN) shares moved higher in afterhours trade on Tuesday as the electric vehicle (EV)-maker reported a smaller-than-expected third quarter loss and raised its full-year�
Contrasting results and forecasts from electric-vehicle makers on Tuesday showed that Rivian Automotive Inc. has a more tangible business model than Lucid Group Inc.
Third-quarter revenue was $1.34 billion, topping Wall Street's consensus estimate of $1.31 billion. Adjusted loss was $1.19 per share, narrower than the loss of $1.33 per share analysts had expected.
Rivian Automotive, Inc. (NASDAQ:RIVN ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Tim Bei - Vice President of Investor Relations RJ Scaringe - Founder and Chief
Gilead, eBay and Rivian all beat on the bottom line in Q3, but all three are selling the news.
The EV startup also boosted its 2023 production target to 54,000 vehicles, up by 2,000 units, as supply chain headaches ease.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE