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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.35d 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...