Rivian Raises Production Targets as Earnings Beat

Rivian's stock rose slightly after narrowing its loss expectations. The company modestly raised its guidance for the year, planning to produce 52,000 EVs, including Amazon vans. Rivian's financials show benefits from scaling, with increased deliveries and reduced losses. Comparisons with Tesla highlight Rivian's faster initial growth but higher cash burn. The company demonstrates cost discipline by deferring some capital expenditures, though investors are eager for more investment details, such as the planned Georgia plant.

What was the modest increase in Rivian's guidance for the year?

• 2,000 units

• 1,000 units

• 3,000 units

• 4,000 units

How much did Rivian's deliveries increase quarter on quarter?

• 65%

• 60%

• 55%

• 50%

What was Rivian's adjusted loss per share in the quarter?

• $1.38

• $1.28

• $1.18

• $1.08

How does Rivian's cash burn compare to Tesla's during their early growth?

• Rivian burns the same amount of cash

• Rivian burns slightly more cash

• Rivian burns significantly more cash

• Rivian burns less cash

What is Rivian's forecast for capital expenditures this year?

• $1.7 billion

• $1.8 billion

• $1.5 billion

• $1.6 billion