Rivian (RIVN) shares fall after the electric vehicle (EV) maker said it expects fewer deliveries in 2025 than it did in 2024. CFRA analyst Garrett Nelson joins Morning Brief with Seana Smith and Brad Smith to discuss Rivian's fourth quarter results, in which the auto company post revenue of $1.73 billion and a narrower-than-expected loss of $0.46 per share.
Rivian Automotive RIVN analysts broke down the short and long-term outlook for the electric vehicle company. Among the items they address is the potential impact of White House policy changes after fourth-quarter financial results.
Rivian Automotive Inc (NASDAQ:RIVN) stock is down 5.1% to trade at $12.90 at last glance, as investors brush off the company's better-than-expected fourth-quarter earnings and its first "positive gross profit.
Rivian has so far had an auspicious start to 2025.
Rivian Automotive Inc (NASDAQ:RIVN) reported a first-ever gross profit of $170 million in the fourth quarter of fiscal year 2024, surpassing analysts' expectations with total revenue of $1.73 billion, driven by strong demand for its updated product lineup and increased software and services revenue. The electric vehicle (EV) manufacturer attributed its positive gross profit to a $31,000 reduction in the cost of goods sold per vehicle and an increase in average selling price to $86,000, reflecting higher sales of its premium R1 and tri-motor models.
California-based EV startup Rivian Automotive RIVN reported fourth-quarter 2024 results yesterday, with revenues beating expectations and rising year over year. The company's revenues reached a record high, driven by higher sales of regulatory credits, growth in software and services and a boost in R1 average prices with the Tri-Motor option now available.
Electric vehicle (EV) maker Rivian Automotive Inc. (NASDAQ: RIVN) announced that its most recent quarter was solid.
RIVN's fourth-quarter 2024 results reflect a narrower loss, strong revenue growth and improving margins.
As Block (XYZ) embraces a new ticker symbol, investors react to a double-miss on its latest earnings. Meanwhile, EV maker Rivian (RIVN) fades following an earnings beat, but lingering concerns about its vehicle delivery outlook weigh on shares.
Rivian Automotive is recalling 17,260 vehicles in the United States due to a headlight issue that can reduce visibility and increase the risk of a crash, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
Rivian Automotive, Inc. (NASDAQ:RIVN ) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Tim Bei - VP, IR RJ Scaringe - Founder and CEO Claire McDonough - CFO Javier Varela - Chief Operations Officer Conference Call Participants Dan Levy - Barclays Adam Jonas - Morgan Stanley Mark Delaney - Goldman Sachs George Gianarikas - Canaccord Genuity Shreyas Patil - Wolfe Research Operator Good day. Thank you for standing by.
Rivian Automotive (RIVN) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to loss of $1.36 per share a year ago.