Rivian Automotive to Release Quarterly Earnings on May 6
Rivian Automotive, a US-based electric vehicle manufacturer, will release its quarterly earnings on May 6. Analysts’ forecasts indicate a loss per share for the company.
Earnings Expectations
- Analysts predict a loss per share for Rivian Automotive
- Some forecasts suggest a decrease in the magnitude of losses compared to last year
Investment in Supplier Park
The company is investing $120 million in a supplier park near its Illinois facility. This investment aims to reduce tariff-related costs.
Impact on Operations
The investment is expected to have a positive impact on the company’s operations.
Stock Price Volatility
Rivian Automotive’s stock price has experienced fluctuations in recent days. However, the company’s future prospects remain uncertain.