Rivian stock wavers amid $1.7 billion loss and EV delivery figures
Rivian Cuts Full-Year Earnings Forecast
Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric-vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply-chain snags, high costs and economic volatility.
Rivian beats revenue earnings expectations, still faces supply chain headwinds
RIVIAN Better than TESLA? + Electric Truck Review
Rivian Automotive, Inc. is an American electric vehicle automaker and automotive technology company founded in 2009.
Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a “skateboard” platform that can support future vehicles or be adopted by other companies. An electric delivery van is also being built as part of a partnership with Amazon.
Rivian started deliveries of its R1T pickup truck in late 2021. As of March 2022, the delivery van and R1S SUV were still in development. The company plans to build an exclusive charging network in the United States and Canada by the end of 2023.