3 Key Things to Watch When Rivian Reports Q1 Results Today

$Rivian Automotive(RIVN.US)$ For Q2, analysts expect revenue of $338.9 million and an EPS loss of $1.45. During its Q4 results, Rivian lowered its 2022 production guidance from 50,000 vehicles to 25,000 vehicles. As a result, any further lowered production guidance could send RIVN stock plummeting.
At the end of March, the EV company disclosed that it had produced 3,568 vehicles. As of March 8, Rivian had 83,000 preorders for its R1T and R1S models, as well as a 100,000 electric delivery van (EDV) order from $Amazon(AMZN.US)$ .
Investors will also be interested to hear how the company plans to deal with supply chain issues. The company stated in its Q4 shareholder letter that it expects these issues to “continue through at least 2022.”
EV competitor $Lucid Group(LCID.US)$ reported earnings last week and disclosed price hikes for its Air models. The company also maintained its 2022 production guidance of between 12,000 to 14,000 vehicles. Still, CFO Sherry House warned that “any extended disruptions could result in an impact to our production forecast.”