Rivian is a 'show me' story: Analyst [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
The company faces pressure to perform in an increasingly competitive market while electric vehicle demand remains soft. Barclays Senior Autos Analyst Dan Levy joins Catalysts to discuss Rivian's performance and potential deal with Apple AAPL While Levy praises the automaker's "impressive" tech, the analyst outlines a central concern: "We think at the core for Rivian is a key challenge on narrowing costs. First quarter was a fine quarter relative to consensus expectations, but it was still sharply negative EBITDA, all the more so on free cash flow. " Levy adds that a potential Rivian-Apple partnership may be attractive to investors but reaffirms his earlier stance that the automaker's "core focus" is reducing costs and increasing profitability. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Video Transcript All right, Jim, we wanna switch gears here and talk about another
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RIVN
News
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Yahoo! Finance]Yahoo! Finance
- Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push [Yahoo! Finance]Yahoo! Finance
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Los Angeles Times (CA)]Los Angeles Times
- Investors in Rivian Automotive, Inc. Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Investors who lost money on Rivian Automotive, Inc. (RIVN) should contact Levi & Korsinsky about pending Class Action - RIVNAccesswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website