Rivian Automotive Inc. late Tuesday reported a narrower quarterly loss but sales that were below expectations, sending the EV maker’s stock more than 7% lower in after-hours trading.
Rivian RIVN, +4.61% lost $1.7 billion, or $1.87 a share, in the quarter, compared with $2.5 billion, or $4.83 a share, in the same period last year.FactSet consensus called for a loss of $1.96 a share on sales of $724 million for Rivian. “Our team continues to work on the introduction of new engineering design changes and key technologies which will take effect during the second half of 2023 to help mitigate anticipated supply-chain constraints”
Are you comparing stock price drops for a quarter relative to the past year? There couldn’t possibly be any implications to be drawn from that useless data ?
Time to buy CenntroMotors amazon
Bankruptcy in the next 12 months . . .