Rivian loss bigger than expected on higher costs, lower credit income
1. Rivian's quarterly loss exceeded expectations due to supply chain disruptions. 2. Decreasing income from sold credits impacted overall financial performance.
FAQ
Why Bearish?
Rivian's higher-than-expected losses indicate ongoing financial struggles, reminiscent of past performance issues that have led to bear markets for EV companies.
How important is it?
The article directly discusses Rivian's quarterly loss, which significantly affects investor sentiment and stock price.
Why Short Term?
Immediate concerns over losses and supply chain issues may dampen investor confidence in the near term.