Reported about 3 hours ago
Rivian Automotive reported strong third-quarter results, with revenue reaching $1.56 billion, surpassing the estimated $1.49 billion, and a reduced loss of $0.65 per share compared to the expected $0.71. The company's performance was propelled by increased vehicle deliveries despite challenges like the loss of the federal EV tax credit. Rivian retained its full-year loss outlook, projecting an adjusted EBITDA loss between $2 to $2.25 billion, while gearing up for the launch of its mid-sized SUV, R2, slated for early 2026.
Source: YAHOO