By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Rivian Outlook RIVN, AMZN
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Opinion > Shayne Heffernan > Rivian Outlook RIVN, AMZN
Featured

Rivian Outlook RIVN, AMZN

Shayne Heffernan Ph.D.
Last updated: August 12, 2023 11:34 pm
Shayne Heffernan Ph.D.
Share
2 Min Read
SHARE

Rivian Posts Narrower-Than-Expected Loss, Lifts 2023 Production Guidance

Rivian Automotive (NASDAQ: RIVN) reported its second quarter results on Tuesday, beating analysts’ expectations on revenue and narrowing its loss. The Amazon.com (NASDAQ: AMZN)-backed EV maker delivered 12,640 vehicles in the quarter, up 59% from the first quarter. Rivian also produced 13,992 vehicles in the quarter, up from 9,395 in the first quarter.

Rivian’s revenue of $1.12 billion was above analysts’ expectations of $1 billion. The company’s loss of $1.19 billion was narrower than the $1.7 billion loss it reported in the same quarter last year. Rivian’s adjusted loss of $881 million was also better than analysts’ expectations of $1.41 per share.

Rivian CEO RJ Scaringe said the company’s results reflect its focus on achieving profitability through economies of scale, cost reductions, and improved efficiency. He also assured investors that Rivian has enough liquidity to fund its operations through 2025.

Rivian raised its 2023 production guidance to 52,000 vehicles, up from 50,000 vehicles. The company also lowered its full-year capital expenditure guidance to $1.7 billion from $2 billion.

Rivian’s results come at a time when the EV market is facing a number of challenges, including rising inflation and supply chain disruptions. However, Rivian appears to be well-positioned to weather these challenges. The company has a strong balance sheet and a loyal customer base. It is also one of the few EV makers that is currently producing vehicles at scale.

Rivian’s success could help to legitimize the EV market and attract more investors and consumers to the space. The company’s success could also put pressure on Tesla (NASDAQ: TSLA), the leading EV maker, to improve its production and efficiency.

Overall, Rivian’s second quarter results were positive. The company is on track to achieve its production goals and is well-positioned to be profitable in the near future. Rivian’s success could help to accelerate the adoption of EVs and make the EV market more competitive.

Shayne Heffernan

You Might Also Like

Iran Rocked by 5.1-Magnitude Earthquake

Israel vs. Iran: Missiles, Military Hardware, and Personnel

Google Password Leak Update

The Difference Between Wagyu, Kobe, and Matsusaka Beef

Bitcoin’s Rise and the Future of Global Digital Markets

TAGGED:AmazonAMZNRivianRIVNshayne heffernan

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article Thailand: A Rising Economic Powerhouse in Southeast Asia
Next Article AI Stocks Are Losing Their Luster $AI $NVDA $AMD


Latest News

Bitcoin is the Answer to the Industrial-Military Complex
Bitcoin Featured Headline News Most Popular Must Read Opinion Politics Shayne Heffernan USD June 19, 2025
Israel-Iran War Update as of June 20, 2025
Headline News Politics Shayne Heffernan Shayne Heffernan Stocks June 19, 2025
WW3 Will Trump Attack Iran as a Show of Strength to Russia and China? $QQQ $SPY $BTC
America China Headline News Opinion Politics Russia Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments World War 3 June 16, 2025
Buy the War Stocks $LMT $GD $NOC $RTX $BA
America Headline News Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stocks Strategy World War 3 June 16, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?