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What's Going On With Rivian Stock Today?
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower Wednesday on the heels of the company’s first-quarter financial results. Here’s what you need to know.
What To Know: Rivian reported first-quarter revenue of $1.204 billion, beating estimates of $1.163 billion, according to Benzinga Pro. The EV maker reported a first-quarter earnings loss of $1.48 per share, missing estimates for a loss of $1.25 per share.
Rivian said it produced 13,980 vehicles and delivered 13,588 vehicles in the first quarter. The company also noted that production of the R2 is set to begin in ...