May 6, 2024 · Automakers & Suppliers. Rivian to report Q1 earnings as EV maker cuts costs, prepares new models. Rivian announced an $827 million incentive ...
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People also ask
How much will Rivian Q1 make in 2024?
Revenue: $1.2 billion generated in Q1 2024. Vehicles Produced: 13,980 vehicles in Q1 2024. Vehicles Delivered: 13,588 vehicles in Q1 2024. Total Gross Profit: Negative $527 million in Q1 2024.
Is Rivian in financial trouble?
Rivian sales are picking up, but heavy losses are likely to continue for some time. Shares are down 50% in 2024 and it is trading along its 50-day line. For now, RIVN is still not yet a buy.
What were the results of the Rivian Q1?
For the quarter, Rivian reported revenue of $1.20 billion versus $1.17 billion expected, which is an 80% jump from a year ago. However, Rivian posted a loss per share of $1.48 versus $1.27 estimated, with an operating loss of $1.484 billion compared to the $1.299 billion loss expected.
Is Rivian a buy or sell?
Rivian Automotive stock has received a consensus rating of buy. The average rating score is and is based on 59 buy ratings, 33 hold ratings, and 6 sell ratings.
May 9, 2024 · Rivian reported a $1.45B net loss in the first quarter, but it also laid out a road map for slashing costs and launching a more affordable EV.
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May 7, 2024 · Shares in Rivian fell 6 percent in after-hours trading to $9.63. The automaker reaffirmed its production target of 57,000 vehicles this year.
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May 6, 2024 · Electric vehicle company Rivian Automotive (NASDAQ:RIVN) will report first-quarter financial results after market close Tuesday.
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May 7, 2024 · Irvine, California, May 7, 2024: Rivian Automotive, Inc. (NASDAQ: RIVN) today announced its first quarter 2024 financial results.
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May 8, 2024 · Rivian stock edged up Wednesday after reporting Q1 earnings amid speculation Apple is exploring a partnership with the EV startup.
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May 9, 2023 · Rivian CEO RJ Scaringe expects an accelerating production ramp up for the rest of 2023 and significant cost cutting on the way to ...
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May 10, 2024 · Rivian reported a $1.45B net loss in the first quarter, but it also laid out a road map for slashing costs and launching a more affordable EV.
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