Reported 8 months ago
Rivian is set to release its Q3 earnings, having faced production disruptions due to component shortages at its Illinois factory, causing a cut in its annual delivery forecast from 57,000 to between 47,000 and 49,000 vehicles. Analysts expect revenues to fall to approximately $980.26 million from $1.34 billion a year ago, with an adjusted loss per share of $1.11. Despite these challenges, Rivian maintains its annual delivery outlook while potentially affecting its profitability forecast for Q4.
Source: YAHOO