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RIVN
Benzinga
9 hrs

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.

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FAQ

Why Neutral?

While Rivian shows revenue growth, upcoming challenges from tax credit loss may offset optimism.

How important is it?

The article discusses upcoming earnings and deliveries, critical for market perception of RIVN.

Why Short Term?

Immediate focus on upcoming earnings and R2 launch will shape short-term investor sentiment.

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