Rivian (RIVN) forecasts 46,000-51,000 EV deliveries in 2025, below analyst expectations
Analysts were hoping to see something closer to 55,000 for the Rivian's latest fiscal year.
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Analysts were hoping to see something closer to 55,000 for the Rivian's latest fiscal year.
After a long stretch of getting its feet under it, Rivian is finally to the point where it's turning reasonable profits in its fiscal quarters.
The Volkswagen-Rivian joint venture is intended to launch VW models with Rivian electric vehicle technology as soon as 2027
The Rivian company failed to beat analyst expectations on key metrics in its latest quarter.
EV company Rivian beat on both fronts in its latest round of financial earnings.
Volkswagon will start with a $1 billion investment, with the other $4 billion coming through the joint venture to aid Rivian in bringing its next vehicles to market.
Rivian's revenue gain is in line with Wall Street expectations and represents a year-over-year increase.
Rivian's upcoming R2 SUV represents a less pricey offering from the company as it attempts to meet customer demand for a more cost-effective EV.
The EV company has produced new guidance numbers for its upcoming financial year.
Rivian's total EV production for the last year exceeds the company's recent estimates put out at the end of Q3 2023.