Rivian Loses Steam on Mixed Signals; Trades Below Tesla

1. Rivian's Q3 revenue grew 78%, surpassing estimates by $0.06 billion. 2. The company reported a gross profit of $24 million this quarter. 3. Analysts express concerns over capital burn and future EBITDA losses. 4. JP Morgan maintains an Underweight rating with a $10 price target. 5. Rivian expects significant growth post-2025 but faces stiff competition.