Rivian Q3 Preview: Deliveries Up 32%, Attention Turns To R2, What Happens After Tax Credit Expiration
1. Rivian's Q3 revenue expected at $1.50 billion, beating last year’s $874 million. 2. Analysts predict a loss of 72 cents per share, improved from last year's 99 cents. 3. Strong demand driven by expiring federal EV tax credits benefited Rivian's deliveries. 4. Upcoming R2 vehicle launch critical for Rivian's future growth and market position. 5. Stock down 2.43% to $13.24, facing resistance despite solid delivery figures.