Rivian (RIVN) Q1 2023 earnings results beat revenue estimates on smaller than expected loss
While the company was able to put up a better-than-expected revenue, it was also able to put up smaller losses in EPS than analysts estimated.
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While the company was able to put up a better-than-expected revenue, it was also able to put up smaller losses in EPS than analysts estimated.
The change may allow Rivian to find additional partners for its EV delivery trucks.
The company plans to sell convertible notes as a way to help raise money for the launch of its R2 vehicles.
Amazon's investment in the electric vehicle maker ended up leading to a huge loss in income for Amazon's Q4 2022 bottom line.
Rivian will lay off a chunk of its workforce to "conserve cash."
These are the vehicle models eligible for the IRS' clean vehicle EV tax credit.
The company fell short of revenue expectations, but remains on track to meet its goal of 25,000 vehicles produced in 2022.
The company remains on track to build 25,000 EVs by the end of 2022.
Production will reportedly begin in a few years with two different EV models that'll be built on the same assembly line.
Over the next 13 years, car manufacturers in California will need to phase out production of gas-powered vehicles.