Rivian Automotive Inc

NASDAQ:RIVNUnited States

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• Rivian Automotive Q1 Loss Widens, Revenue Increases, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: RIVN
  04:53 PM EDT, 05/07/2024 (MT Newswires) -- Rivian Automotive (RIVN) reported a Q1 loss Tuesday of $1.48 per diluted share, compared with a loss of $1.45 a year earlier. Analysts polled by Capital IQ expected a loss of $1.27. Revenue for the quarte...

• DJ Vehicle Redesigns Weigh on Rivian's First-Quarter Losses -- WSJ, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: RIVN
  
  By Sean McLain
  
  Electric-vehicle startup Rivian Automotive said it remained on track to report its first gross profit by the end of the year.
  
  The maker of the R1T pickup and R1S SUV currently loses money on every vehicle it sells. That continued in the first quarter: The company reported a gross loss of $38,784 per vehicle, smaller than the $67,329 loss a year prior.
  

• DJ Rivian Stock Falls on Weaker-Than-Expected Earnings -- Barrons.com, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: RIVN
  
  Al Root
  
  Rivian stock fell after the company reported weaker-than-expected bottom-line earnings.
  
  Tuesday evening, Rivian reported a per-share loss of $1.48 from sales of $1.2 billion. Wall Street was looking for a per-share loss of $1.15 from sales of just under $1.2 billion.
  

• -- Earnings Flash (RIVN) RIVIAN AUTOMOTIVE Posts Q1 Revenue $1.2B, vs. Street Est of $1.169B, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: RIVN
  04:18 PM EDT, 05/07/2024 (MT Newswires) -- ...

• Rivian Releases First Quarter 2024 Financial Results, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: RIVN
  
  our vehicles; our dependence on suppliers and volatility in pricing of components and raw materials; our ability to accurately estimate the supply and demand for our vehicles and predict our manufacturing requirements; our ability to maintain our relationship with one customer that has generated a significant portion of our revenues; we are highly dependent on the services and reputation of our Founder and Chief Executive Officer; our inability to manage our future growth effectively; our long-term results depend on our ability to successfully introduce and market new products and services; we may not succeed in establishing, maintaining, and strengthening our brand; our focus on delivering a high-quality and engaging Rivian experience may not maximize short-term financial results; risks relating to our distribution model; we rely on complex machinery, and production involves a significant degree of risk and uncertainty; our vehicles rely on highly technical software and hardware that could contain errors or defects; we may not successfully develop the complex software and technology systems needed to produce our vehicles; inadequate access to charging stations and not being able to realize the benefits of our charging networks; risks related to our use of lithium-ion battery cells; we have limited experience servicing and repairing our vehicles; the automotive industry and its technology are rapidly evolving and may be subject to unforeseen changes, and upgrades and adaptations to our vehicles may increase our costs and capital expenditures and also require planned, temporary manufacturing shutdowns from time to time; risks associated with advanced driver assistance systems technology; the reduction or elimination of government and economic incentives for electric vehicles; we may not obtain government grants and other incentives for which we may apply; vehicle retail sales depend heavily on affordable interest rates and availability of credit; insufficient warranty reserves to cover warranty claims; future field actions, including product recalls, could harm our business; risks related to product liability claims; risks associated with international operations; our ability to attract and retain key employees and qualified personnel; our ability to maintain our culture; our business may be adversely affected by labor and union activities; risks associated with the ongoing military conflict between Russia and the Ukraine and in the Middle East; risks related to health epidemics, pandemics, and other outbreaks; our financial results may vary significantly from period to period; we have incurred a significant amount of debt and may incur additional indebtedness; our vehicles may not operate properly; risks related to third-party vendors for certain product and service offerings; potential conflicts of interest involving our principal stockholders or their affiliates; risks associated with exchange rate and interest rate fluctuations; breaches in data security, failure of information security systems, cyber-attacks or other security or privacy-related incidents could harm our business; risk of intellectual property infringement claims; our use of open source software in our applications could subject our proprietary software to general release; our ability to prevent unauthorized use of our intellectual property; risks related to governmental regulation and legal proceedings; delays, limitations and risks related to permits and approvals required to operate or expand operations; our internal control over financial reporting; and the other factors described in our filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, except as may be required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change.