Rivian made its initial public debut in 2021, and has cratered in the years since as it dealt with rising interest rates that dimmed its growth prospects.
Rivian Automotive 's stronger-than-expected results could mean "accelerating growth" from here, though concerns remain for the electric vehicle maker, according to some Wall Street analysts. Shares popped 6% in premarket trading Wednesday after the company posted a narrower-than-expected first-quarter loss and said it's on pace to produce 50,000 vehicles in 2023. For some analysts, the results were encouraging.
"1Q23 results were mostly better than expected, particularly from a profitability perspective," Gianarikas said to clients in a Tuesday note. "We believe Rivian is on its way to capturing its fair share of the EV market via a thoughtful vertically integrated strategy. We see the R1S as the family SUV of choice and likely to see accelerating growth as more vehicles hit the streets," Gianarikas added.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intactRivian lost $1.35 billion, or $1.45 a share, in the first quarter, compared with a loss of $1.6 billion, or $1.77 a share, in the year-ago period. $RIVN rose after the EV maker reported a narrower quarterly loss and kept intact its guidance for the year:
Weiterlesen »
See How The Seats Made By Rivian, Tesla, And Hyundai CompareIt’s an interesting analysis, showing how Rivian chose to modify the basic design of the Hyundai seat, which ultimately led to a much higher manufacturing cost
Weiterlesen »
Rivian R1T Owner Gets $115 Commercial Vehicle Parking Ticket In NYCTo park legally in NYC, the Rivian R1T would need to have the name and address of the owner plainly marked on both sides of the vehicle.
Weiterlesen »
Fentanyl-related deaths among children increased more than 30-fold between 2013 and 2021More than 5,000 children and teens have died from overdoses involving fentanyl in the past two decades, according to data published Monday in JAMA Pediatrics.
Weiterlesen »
C.J. Stroud Felt “Disrespected” When Ohio State Added Quinn Ewers Ahead of the 2021 SeasonIn an interview with Maverick Carter and Paul Rivera of The Shop, C.J. Stroud said he felt “disrespected” when Ohio State added Quinn Ewers ahead of the 2021 season.
Weiterlesen »
Fentanyl-related deaths among children increased more than 30-fold between 2013 and 2021More than 5,000 children and teens have died from overdoses involving fentanyl in the past two decades, according to data published Monday in JAMA Pediatrics.
Weiterlesen »