Rivian Automotive Inc. Stock Soars Ahead of Q2 Earnings Report with Volkswagen Deal Boost
In a sea of red, Rivian Automotive Inc. stands out as a beacon of green on the market Monday, signaling positive momentum ahead of the EV maker’s highly anticipated second-quarter earnings report set to be released late Tuesday.
Rivian recently made headlines with a game-changing deal with Volkswagen AG, sending its stock soaring and reaffirming confidence in Rivian’s cutting-edge technology.
Analysts surveyed by FactSet are projecting Rivian to announce an adjusted loss of $1.24 per share on revenue of $1.15 billion for the second quarter, compared to a loss of $1.08 per share on revenue of $1.12 billion in the same period last year.
This news is crucial for investors and market watchers alike, as it provides insight into Rivian’s financial health and growth prospects. Stay tuned for the latest updates on Rivian’s performance and how it could impact your investment portfolio.