Ceo Rj Scaringe · Rivian
Rivian Beats Earnings Expectations As October EV Sales Collapse 43% Following Tax Credit Expiration
Rivian Automotive posted better-than-expected third-quarter earnings Tuesday, reporting a narrowed adjusted loss and positive gross profit for the second time this year. But the electric vehicle maker’s stock surge couldn’t mask the harsh reality waiting just beyond the quarterly numbers: October EV sales plummeted 43% compared to the same month last year, according to automotive…
