Rivian faces growing market skepticism ahead of Q3 earnings amid R2 production cost concerns
RIVN Rivian Automotive Inc
$12.06 -3.21%
View chart & analysis → - 1Rivian shares fell 26.6% following the news, underperforming the S&P 500 by a gap of more than 30 percentage points.
- 2The market expects Q3 revenue of approximately $2.02 billion and an expected loss per share of $0.86 based on Q3 market estimates.
- 3Management stated that Launch Edition reservations are converting to orders at a much higher rate than expected and test drives have doubled to 57,000.
So what's the key point?
Rivian shares have dropped significantly more than market expectations. The revenue amount predicted by experts is approximately $2.02 billion.
Source Earnings Whispers · View original ↗
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