Rivian stock rises after Q3 beat as pull-forward in sales leads to gross profit; R2 midsize SUV on track for 2026
Rivian (RIVN) reported third quarter results that beat estimates after the bell on Tuesday, as the pure-play electric vehicle maker navigates the loss of federal electric vehicle tax credits and builds toward its future with its midsize SUV. For the quarter, Rivian reported revenue of 1.49 billion, per Bloomberg consensus estimates, representing a 78% increase compared to the same period a year ago, as a pull-forward in deliveries boosted sales. Rivian posted a loss per share of $0.65 ...