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.

How many electric vehicles (EVs) did Rivian raise its guidance to for the year?

What was the percentage increase in deliveries quarter on quarter for Rivian?

What was Rivian's adjusted loss expectation for the year?

What was the adjusted loss per share reported by Rivian in the quarter?

What is the forecasted capital expenditure (CapEx) for Rivian this year?