Tesla competitor Rivian beats analysts’ expectations – Rivian shares take profits

taketonews

The electric car manufacturer Rivian presented the results for the second quarter of 2022 after the market closed on Thursday.

The company posted a loss of $1.62 per share. Experts had previously expected -$1.634. In the same quarter of the previous year, the Tesla competitor was not yet listed on the stock exchange.

Meanwhile, Rivian’s revenue for the past quarter was $364 million. Analysts had previously expected the company to post sales of $335 million.

The Rivian share was at times significantly higher in NASDAQ trading, but recently had to cope with profit-taking and closed 0.13 percent lower at $38.90.

Editorial office finanzen.net

Selected leverage products on Rivian AutomotiveWith knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired lever and we will show you suitable open-end products on Rivian Automotive

Leverage must be between 2 and 20

No data

More news about Rivian Automotive

Image Credits: Michael Vi / Shutterstock.com, David Becker/Getty Images

ttn-28