Rivian's (RIVN) Q1 earnings come short, production outlook reaffirmed; stock down
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Rivian Releases First Quarter 2024 Financial Results
May 7, 2024 4:17 PM EDTSignificant steps being taken to drive greater capital efficiency Company reiterates path to Q4 2024 modest gross profit During Q1 2024 R1S was best-selling EV in the US above $70,000
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IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) today announced its first quarter 2024 financial results. As previously announced, the company produced 13,980 vehicles and delivered 13,588, exceeding its outlook with a respective 49 percent and 71 percent increase over the same period last year.
During the first quarter of 2024, Rivian... More
