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.
Rivian will lay off a chunk of its workforce to "conserve cash."
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.
Amazon's (AMZN) investment in Rivian (RIVN) caused woes for the stock this quarter.
A new report reveals that Rivian will soon layoff hundreds of workers.
Over 4,000 Rivian vehicles including its R1T pickups and R1S SUVs have already been produced.
The electric automaker's stock hit a low of around $23 per share following news that Ford has pulled a chunk of its investment out of the company.