Rivian still struggles with capex, cash flow
Investors seemed unimpressed by Rivian Automotive Inc.’s better-than-expected quarter, and looked ahead at the EV maker’s planned downtime and continued cash burn to fret anew.
Garrett Nelson with CFRA upgraded his rating on Rivian’s shares to the equivalent of neutral, from sell, remaining somewhat cautious on the stock.“Still, with a quarterly cash burn in the neighborhood of and the company still nowhere near hitting the mass production rates which would achieve a more competitive cost structure, we see further difficulties ahead,” he said.
“Additionally, we are encouraged by the company’s continuous improvement in gross margins,” and the end of exclusivity with Amazon is “beneficial, given we expect it to permit the company to pursue other commercial opportunities for its EDVs.”and we continue to view this relationship as a meaningful differentiator, we expect the company to aggressively pursue additional commercial partnerships, which could result in increased revenues currently not included in our model,” the analyst said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
続きを読む »
Rivian, Robinhood, Upstart, Toast, Array, Kyndryl, Sleep Number, and More Market MoversRivian raises production guidance, Robinhood's third-quarter revenue misses analysts' expectations, and Upstart posts a wider-than-expected quarterly loss.
続きを読む »
Stock movers: Take-Two Interactive, Enovix, Robinhood Markets, Rivian AutomotiveShares in Take-Two Interactive, Enovix, Rivian, Sleep Number, Vroom, Robinhood Markets, Ebay and Klayviyo were active in pre market trading
続きを読む »
Rivian adds 7% on Q3 revenue beat, lifted production guidance; Analysts note progressRivian adds 7% on Q3 revenue beat, lifted production guidance; Analysts note progress
続きを読む »
Rivian stock leaps as Tesla rival boosts production forecast, defying EV gloomAmazon-backed Rivian lifted its full-year production forecasts amid improving demand for its electrified trucks and SUVs following solid third quarter earnings late Tuesday.
続きを読む »
Why Rivian Can’t Be the Next TeslaAmerica’s top electric-vehicle startup is in a more stable place than it was, but it still loses too much money on each vehicle it sells
続きを読む »