Rivian Automotive (RIVN) Misses Q1 EPS by 33c, Beats on Revenue, Delivers 13,588 EVs, Reaffirms Guidance
Rivian Automotive (NASDAQ: RIVN) reported Q1 EPS of ($1.48), $0.33 worse than the analyst estimate of ($1.15). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.15 billion.
- Produced 13,980 vehicles and delivered 13,588 vehicles in Q1.
- Reaffirmed 2024 production and Adjusted EBITDA guidance.
- Expect to start production for R2 in first half of 2026 at facility in Normal, Illinois.
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