Rivian Automotive beat Wall Street's expectations for the third quarter, as the company reported its second quarterly gross profit this year.
In this article
DETROIT – Rivian Automotive
beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with Volkswagen and its software and services business.
Here’s what Wall Street expected, based on average analysts’ estimates compiled by LSEG:
Rivian stock was up more than 3% in extended trading Tuesday, after closing down 5.2% at $12.50 per share. The stock is off roughly 6% this year.
Rivian's 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67,000 units, which would be up by 47% to 59%…
Rivian impressed Wall Street with its plans for AI and automation, but significant challenges involving demand and capital remain…
Rivian Automotive's upcoming R2 model could capitalize on an electric vehicle demand rebound in the U.S., according to TD Cowen.
Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of…
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and…
Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in…
