Electric vehicle startup Rivian Automotive reported mixed fourth-quarter earnings and a lackluster production outlook after the bell Tuesday.
Shares of Rivian were down by roughly 8% during extended trading. The stock closed Tuesday at $19.30 a share, up 4.6% for the session.
Here’s how Rivian performed in the period, compared with analysts’ estimates as compiled by Refinitiv:
Adjusted loss per share: $1.73 vs....

Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges. But the company said it expects to make between 10,000 and 14,000 vehicles in 2023.
Shares of the company fell roughly 7% in afterhours trading.
Here’s what the company reported for the fourth quarter of 2022:
Loss pe...

Let’s start with Rivian’s brand. It has best in class electric truck. It’s won plenty of awards for safety and design:
TOP SAFETY PICK+ award
The Rivian R1T Is the 2022 MotorTrend Truck of the Year
Pre orders for their R1T and R1S are above 100K. They’ve delivered about 25,000 cars and there’s been a lot of sightings unlike other EV cars.
Let’s now talk about the stock price. This IPO during the height of 2021 at $78 with a 100B market ca...

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