Rivian Automotive, Inc. (NASDAQ:RIVN) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Tim Bei - Vice President of Investor Relations RJ Scaringe - Chief Executive Officer Claire McDonough - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Adam Jonas - Morgan Stanley John Murphy - Bank of America Securities Dan Levy - Barclays George Gianarikas - Canaccord Genuity Alexander Potter - Piper Sandler Emmanuel Rosner - Deutsche Bank Shreyas Patil - Wol ...

Rivian Automotive (RIVN) came out with a quarterly loss of $1.19 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.31%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of $1.39 per share when it actually produced a loss of $1.36, delivering a surprise of 2.16%.Over the ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-41042 Rivian Automotive, Inc. (Exact name of registrant as specified in its charter) | Delaware | 14600 Myford ...

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability.The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, according to its first-quarter earnings report that was released Tuesday after markets closed. That’s slightly more than the $1.16 billion expected by Yahoo Finance analysts. Rivian’s revenue grew 82% from the $661 million it ...

Q1 2024 Shareholder Letter © 2024 Rivian. All rights reserved. 2 During the first quarter of 2024, we unveiled our new midsize platform ("MSP") with R2, R3, and R3X and we're pleased with the reaction they received. Distinctly Rivian in terms of performance, capability, and usability, R2, R3, and R3X address the largest consumer segment of midsize SUV and crossover vehicles. We also announced that we will start R2 production in Normal which we expect to drive greater capital efficiency with over $2.25 billi ...

Rivian Automotive (NASDAQ:RIVN) is the next electric vehicle manufacturer to report quarterly results. While not for certain that Rivian stock surges once the latest numbers hit the street, a post-earnings rally isn’t out of the question.Peer Lucid Group (NASDAQ:LCID) may have tanked after its latest quarterly earnings release, but Rivian’s deliveries beat could in hindsight prove to the prelude to improved results and upbeat corporate updates and guidance.Yet while a positive reaction to this upcoming even ...

Will Apple save Rivian stock? (And what if it doesn't?)Rivian Automotive (RIVN -0.14%) stock soared more than 8% in early trading on the Nasdaq this morning. (Hurray!)Then its stock turned tail, gave back most of its gains, and as of 10:30 a.m. ET, it was up only 1.6%. (Boo!)Why did Rivian stock rise and then fall back again? The answer is just one word: Apple (AAPL 0.05%).Rivian and Apple: A match made in heaven? (Or perhaps Detroit?)So, here's the big news today about electric truck company Rivian and tec ...

Rivian Automotive (RIVN) reports first-quarter earnings and revenue after the market closes Tuesday, with analysts expecting another loss amid speculation that Apple (AAPL) is looking to partner with the EV startup. Rivian stock advanced early.X Analysts expect Rivian to report a loss of $1.15 per share in Q1, improved from a $1.25 loss a year ago, with sales growing 100% to $1.17 billion.Ahead of earnings, Rivian stock surged early Tuesday after Taiwan-based Digitimes reported Apple could be exploring a pa ...

It’s obvious to anyone not part of the Elon Musk cult that the wheels have come off Tesla (NASDAQ:TSLA). Tesla stock is going to keep suffering. Sales are falling. The product line is aging and Tesla is shedding employees. Musk’s attention is easily diverted. Its innovations, both in making cars and keeping them going, are being cast aside.There is a way to make this right. The idea springs from the $47 billion in stock Musk wants from Tesla’s board. They can do something much better with that money.M&A and ...

Electric vehicle (EV) maker Rivian Automotive Inc (NASDAQ:RIVN) will announce first-quarter earnings after the market closes tomorrow. The security is up 1.9% to trade at $10.27 at last check, but is running into resistance from the 40-day moving average, while the $11 region could emerge as a ceiling. Shares are today eyeing their fourth-straight daily gain, but are down 48.3% in 2024.The equity has a troubling recent history of post-earnings reactions. The shares finished five of their eight next-day sess ...