Rivian stock sinks after earnings miss, weak outlook

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 ?

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Rivian trucks and Minis are the most satisfying electric vehicles, study findsThe Rivian R1T and Mini Cooper Electric were the highest-ranked models on J.D. Power's 2023 U.S. Electric Vehicle Experience Ownership Study. Fox “News” knowingly spread lies about the 2020 election being stolen and yet people still think they’re an actual news organization. Pathetic.
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