Rivian Sticks With EV Forecast Despite Wider-Than-Expected Loss [BNN Bloomberg (Canada)]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: BNN Bloomberg
The company posted an adjusted loss of $1.24 a share for the first quarter, according to a statement Tuesday. That was worse than the average $1.15 deficit in analyst estimates compiled by Bloomberg. Sales in the period were roughly in line with expectations after Rivian last month reported better-than-expected deliveries. Despite the uneven quarter, Rivian stood by its plan to build 57,000 vehicles this year as the company works to retool its Normal, Illinois, plant to reduce costs and support production growth. The company also continues to see an adjusted loss before interest, taxes, depreciation and amortization of $2.7 billion for 2024. The report shows how the automaker is navigating challenges while boosting production, reversing a sagging stock price and overcoming slow consumer demand. The company, the biggest pure-play maker of battery-electric vehicles in the US behind Tesla Inc., is planning to roll out a smaller, more affordable compact sport utility vehicle called t
Show less
Read more
Impact Snapshot
Event Time:
RIVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RIVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RIVN alerts
High impacting Rivian Automotive, Inc. news events
Weekly update
A roundup of the hottest topics
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