Rivian Reports Q1 Earnings Beat Amid R2 Production Start
Rivian reported first-quarter earnings that exceeded analyst expectations, driven by the start of production for its lower-priced R2 SUV. Revenue rose to $1.38 billion with a narrower-than-expected net loss per share and positive gross profit in three consecutive quarters.
Tickers: $RIVN
Topics: automotive earnings financial guidance production R2 SUV