Rivian Automotive Q4: Guidance Is A Shocker

Summary:

  • Rivian Automotive, Inc. beat sales estimates, but disappointed with its production forecast for 2024, leading to a 15% stock price drop.
  • The weak outlook raises questions about the demand for electric vehicles and may impact Rivian Automotive’s valuation.
  • Despite the disappointing forecast, Rivian Automotive has a strong balance sheet and sufficient liquidity to operate without tapping into capital markets.

Electric Truck Maker Rivian Recalls Almost All Of Its Vehicles Over Steering Issue

Mario Tama

Rivian Automotive, Inc. (NASDAQ:RIVN) released quarterly earnings for its fourth quarter yesterday, and though the electric vehicle (“EV”) company beat sales estimates, the production forecast for 2024 was a huge disappointment.

The earnings release, and the guidance for


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