From Nasdaq: 2024-05-06 10:00:00

Rivian, the largest IPO of 2021, surged 120% post-debut to a record high of $172.01, exceeding legacy automakers’ market cap. Now trading at around $10/share, the company is facing challenges with production and demand, leading to significant losses. Rivian aims to scale production, reduce costs, and introduce new models to strengthen its position.

Despite setbacks, Rivian aims to build around 57,000 vehicles in 2024, but faces liquidity concerns with operational losses. The company plans to lower prices, introduce new models, and optimize costs to achieve a positive gross margin. Investors await first-quarter 2024 results for insights into Rivian’s financial performance and long-term prospects.

The consensus estimate for Rivian’s Q1 2024 loss is $1.13 per share, with revenues projected to surge by 73% YOY. For full-year 2024, Rivian’s estimated loss per share has widened, but revenue growth is expected. The company’s valuation metrics, performance, and future outlook will determine its potential for investors.



Read more at Nasdaq: Is It Worth Betting on Rivian (RIVN) Ahead of Q1 Earnings?