NasdaqGS:RIVNAuto
Rivian (RIVN) Stock Grapples With R2 Costs And Dilution Risk
Rivian Automotive went into this earnings print as the high conviction electric vehicle growth story that many investors saw as beaten up but still expensive. The stock had already slipped over the past month and then dropped about 10% on the first trading day after results, as the headlines around another quarterly loss and fresh equity funding hit sentiment.
The real story in this quarter sits in the margin squeeze. Rivian posted US$1.66b in revenue, yet still reported a net loss of US$833m...