From Nasdaq: 2024-05-12 06:05:00

Rivian recently reported mixed first-quarter results, with a surge in revenue and vehicle deliveries but significant losses due to selling vehicles below production cost. The company posted negative gross profit and operating loss, resulting in high cash burn. However, Rivian is implementing changes to improve profitability and reduce cash outflows, aiming to reach modest gross profits by Q4 and potentially turning cash-flow positive in the future. Despite facing challenges, Rivian remains promising with popular EV models and support from major shareholder Amazon. While a risky investment, Rivian has the potential for high rewards if it can address its financial issues and scale up production effectively. In conclusion, investors should carefully assess the risks and rewards before considering an investment in Rivian Automotive.



Read more at Nasdaq: Rivian Continues to Burn Cash. Does It Have Enough to Last the Year?