Reported 2 months ago
Rivian is set to report its Q2 earnings, with expectations of a significant revenue increase to $1.165 billion, marking a 76% rise from last year. However, losses are anticipated to continue, with an adjusted loss per share of $1.20 and a net income loss of $1.194 billion. Rivian's cash position may benefit from a recent joint venture with Volkswagen, which includes a $1 billion investment aimed at supporting the production ramp-up of its R2 model. Investors will closely watch for updates on profitability forecasts and production metrics as Rivian navigates its path towards mass-market EV releases.
Source: YAHOO