Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being 'Fundamental Driver' Of Growth
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Rivian Automotive reported its Q3 earnings, missing both revenue and EPS expectations. Despite this, the CEO remains confident about achieving gross profit in Q4, with the R2 model expected to be a key growth driver.
November 07, 2024 | 10:00 pm
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Rivian Automotive's Q3 earnings report showed a miss on both revenue and EPS. However, the CEO expressed confidence in achieving gross profit in Q4, with the R2 model anticipated to drive growth.
The earnings miss could negatively impact short-term stock price, but the CEO's confidence and the potential of the R2 model may offset this. Investors might view the future growth potential positively, balancing the immediate negative impact.
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IMPORTANCE 80
RELEVANCE 100