What's Going On With Rivian Automotive Stock Today?
Portfolio Pulse from Erica Kollmann
Rivian Automotive, Inc. (NASDAQ:RIVN) shares have dropped over 12% in the last five days. The company recently announced the appointment of John Krafcik, former CEO of Waymo, to its board of directors. Rivian is set to release its Q2 financial results, with an expected loss of $1.41 per share and revenue of $978.88 million. The company reported Q2 production of 13,992 electric vehicles and delivery of 12,640 vehicles.
August 07, 2023 | 3:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rivian's stock has been negatively impacted in the short term, likely due to upcoming Q2 results expected to show a loss. The appointment of John Krafcik to the board may have a positive impact in the long term.
The drop in Rivian's stock price is likely due to the anticipated Q2 loss. However, the appointment of Krafcik, with his extensive experience in the automotive industry, could be a positive signal for the company's future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The news of John Krafcik, former CEO of Waymo (a Google company), joining Rivian's board may have indirect implications for Google.
While Google is not directly impacted, the move of Krafcik from Waymo to Rivian could have indirect implications for the company, particularly in the area of autonomous driving technology.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The news of John Krafcik, former CEO of Waymo (a Google company), joining Rivian's board may have indirect implications for Alphabet.
While Alphabet is not directly impacted, the move of Krafcik from Waymo to Rivian could have indirect implications for the company, particularly in the area of autonomous driving technology.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50