Locator: 48786EVS.
Rivian results: shares down 4%. A bad report. The losses are expected to get even worse than expected for the full year. CEO blaming tariff / trade policy; could get the rare/heavy earth metals from China that it needed; cut production.
- Production
- 1Q: 14,000 units
- 2Q: 6,000 units
- obvious question: why weren't they stockpiling rare / heavy earth metals
- Loss:
- previous estimate, loss for this year: $1.7 billion
- now, guidance for loss for this. year: $2.5 billion
- R2: starts at $45,000
- the interview with the CEO on CNBC did not install much confidence;
Lucid:
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