Rivian (RIVN) Q3 2023 earnings results beat EPS & revenue estimates
Rivian continues to do better than expected and has adjusted its production forecast accordingly.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
Rivian continues to do better than expected and has adjusted its production forecast accordingly.
Rivian's production guidance has increased following the release of the Q2 2023 earnings report.
Rivian vehicles will gain access to Tesla's Supercharger network in Spring 2024.
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.