Rivian earnings: Investors wrote the stock off after early ‘horror show,’ analys...
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Investors wrote the stock off after early ‘horror show,’ analyst says
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Rivian earnings: Investors wrote the stock off after early ‘horror show,’ analyst says
Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance Live to discuss Rivian earnings, the opportunity for EV makers like Tesla, and whether the Elon Musk-Twitter deal goes through.
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Rivian earnings: Investors wrote the stock off after early ‘horror show,’ analyst says
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Rivian earnings: Investors wrote the stock off after early ‘horror show,’ analyst says
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Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance Live to discuss Rivian earnings, the opportunity for EV makers like Tesla, and whether the Elon Musk-Twitter deal goes through.
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Yahoo FinanceRivian shares waver as automaker sees wider loss for the year
Though EV maker Rivian maintained its production forecast for the year, shares wavered in extended trading as the company sees a wider loss for the year.
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The Wall Street JournalRivian’s Losses Nearly Triple to $1.7 Billion
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ReutersEV maker Rivian says its current models will not qualify for tax breaks
(Reuters) -Electric-vehicle maker Rivian Automotive Inc on Thursday forecast a wider operating loss for the year and also said many of its current models will not qualify for new federal tax incentives. The young company observed that its R1 series of premium pickups and SUVs is not likely to benefit from tax incentives in the new energy and climate bill passed by the U.S. Senate. But Rivian could qualify for subsidies of up to $40,000 per vehicle for large electric commercial vans similar to the ones it is building for Amazon.com Inc, Chief Executive R.J. Scaringe told analysts on a conference call after the release of quarterly earnings.
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