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Rivian Automotive is in the spotlight with earnings day approaching

Mar. 08, 2022 9:45 AM ETRivian Automotive, Inc. (RIVN)By: Clark Schultz, SA News Editor10 Comments

Electric Truck Maker Rivian Debuts On The Nasdaq Exchange

Michael M. Santiago/Getty Images News

Rivian Automotive (RIVN +1.8%) is catching quite a bit of attention ahead of the company's earnings report on March 10.

Barclays reiterated Rivian with an Equal Weight rating, while lowering its price target to $47 from $115.

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Comments (10)

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The only thing going for RIVN is the Motor Trend Truck of the year award
truwa profile picture
What earnings?

70K pre-orders have to be sold massively "under cost". The more Rivian sells, the bigger will be the losses. We can calculate just how much it is losing per vehicle in a couple of quarters. My guess is that it will be around $30K for pre-ordered sales.
Nothing has changed materially. But the PT drops from 115 to 47 and it's still somehow a buy?!
There's no assurance they'll ever make 20k trucks and SUVs ever.
Amazon will demand they get their vans and Rivian is unable to build and generate profit. Costs for R1T&S are skyrocketing.

And no one talks about the missing LiDAR tech that they promised. They're leaving off a couple grand in LiDAR units alone... does their eventual self driving tech have any chance without it?

And a lawsuit about the bait and switch they tried to pull. So much bad will generated.
Rivian is hanging on by a thread.
I get a feeling the earnings day is going to be a dumpster fire.
Chris Lau profile picture
RIVN needs to impress. AMZN F depend on it.
Zeusy Zeus profile picture
@Chris Lau Rivian is fine man it’s easy to kick something down when it’s struggling. Everything is bad now Amazon and investors should know this. Easy to sell hard to buy and hold but that’s what gives the best returns. Anyone can buy stocks trending up a 90 year old lady could do that. Amazon knows they’re doing the best they can to prioritize their vehicles that’s why they’re expanding. Hopefully they can get the plant in UK up in running in a few years too that would be amazing for them.
@Zeusy Zeus Amazon getting what they demand is not necessarily a positive for their Rivian vehicle biz.
In a world with scarce chips and battery raw material Rivian will have to allocate to placate Amazon before ramping customer trucks.
Zeusy Zeus profile picture
@purrpullberra True but with the sourcing and methods Amazon has I wouldn't be surprised if they help rivian with supply issues. Maybe im just an optimist.
Wez profile picture
Love the chart of this pig, it looks like a side view of a black diamond ski slope...
SqueakyToy profile picture
@Wez RIVN management timed the cash grab perfectly.
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