EV maker Rivian may report first quarterly revenue drop since IPO
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BING NEWS:
- Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it's on track to make a gross profit in the last three months of the year.
11/8/2024 - 6:57 am | View Link - Rivian stock drops as full-year loss projection widens, but 'modest gross profit' still expected in Q4
Rivian reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue.
11/8/2024 - 2:41 am | View Link - Rivian sees revenue decline amid soft demand and part shortage
Rivian reduced its losses in the third quarter but also reported a sharp decline in revenue amid a supply chain disruption and softer demand.
11/7/2024 - 10:30 pm | View Link - Rivian's losses widen, but investors like hearing of 'progress' in next-gen EV
Rivian Automotive Inc. on Thursday posted a larger-than-expected quarterly ... quarter of 2023. Revenue fell to $874 million, from $1.34 billion a year ago. Rivian pinned the drop on timing ...
11/7/2024 - 12:20 pm | View Link - EV maker Rivian falls short of revenue projections for third quarter
The Irvine-based maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third quarter.
11/7/2024 - 10:17 am | View Link - More
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