Electric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch.
Rivian also said Tuesday that it was no longer required to sell its electric delivery vans exclusively to Amazon.com and was in talks with other potential customers. The companies wereafter a lower-than-expected van order by the online retailer, The Wall Street Journal previously reported. Amazon owns a nearly 17% stake in Rivian.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivian raises full-year production forecast, shares riseRivian Automotive (RIVN.O) reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units.
Source: Reuters - 🏆 2. / 97 Read more »
Rivian beats third-quarter consensus, but RIVN stock gives up early post-market gainRivian (RIVN) reported third-quarter results that largely overcame dour Wall Street expectations late Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Rivian Wants More Electric Van Customers As Its Exclusive Deal With Amazon EndsI cover advanced transportation and climate-oriented technology and co-write the Current Climate newsletter.
Source: ForbesTech - 🏆 318. / 59 Read more »
Rivian raises production guidance for the year, narrows quarterly lossRivian’s stock rises after better-than-expected quarter for EV maker
Source: MarketWatch - 🏆 3. / 97 Read more »
Rivian earnings: What to expect from the EV maker struggling to become profitableRivian’s stock has lost 6% this year; cash burn in focus.
Source: MarketWatch - 🏆 3. / 97 Read more »
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...
Source: MarketWatch - 🏆 3. / 97 Read more »