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Rivian’s Earnings Beat, R2 Launch and Tech Spinout Might Change The Case For Investing In Rivian Automotive (RIVN)
Simply Wall St.30d agobullish
Rivian’s Earnings Beat, R2 Launch and Tech Spinout Might Change The Case For Investing In Rivian Automotive (RIVN)

Earlier this week, Rivian Automotive reported quarterly revenue of US$1.66 billion, beating analyst forecasts by 7.9%, while highlighting gross profit progress, stronger EBITDA guidance and the start of external deliveries for its sub-US$60,000 R2 electric SUV. Management also pointed to the R2 and upcoming R3 as future profit centers with annual capacity targeted above 400,000 vehicles, while a Rivian-linked micromobility spinout, Also, raised US$150 million to advance autonomous...

Tesla rival trims spending plans despite revenue beat
TheStreet47d agobullish
Tesla rival trims spending plans despite revenue beat

Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For ...