Rivian earnings: What to expect from the EV maker struggling to become profitable

Rivian Automotive Inc. is slated to update investors about its quarterly earnings on Tuesday after the bell.

The futuristic Tesla truck might not be direct competition with Rivian’s pickups and SUVs, which are marketed for the outdoors and rugged terrain, but it may eat away at the pool of those who desire, and can afford, a Rivian EV. Stock movement: Rivian shares badly have underperformed the broader equity market. So far this year, the stock is down more than 7%, and has lost more than 47% in the past 12 months. That contrasts with an advance of more than 13% and of about 16% for the S&P 500 index SPX in the same timeframes.

Ivana Delevska, founder and chief investment officer officer of Spear Invest, agreed that the cash burn and path to positive margins is at the center of Tuesday’s report and call with analysts. Rivian has guided for positive gross margins in 2024.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Disney and other entertainment giants report after upbeat results from peers, but investors are getting harsher on companies that don't deliverEarnings Watch: Disney, Warner Bros. Discovery report results this week, amid investor push for stronger streaming profits. Results from Rivian, Uber, Lyft and Robinhood are also due.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »