Rivian (US.RIVN) CEO Says Its Chip-Shortage Problems Will Ease This Year - 12 mai 2022
Rivian, which reported quarterly results after the market close Wednesday, said revenue for the first quarter was $95 million, below Wall Street expectations. The company’s net loss nearly quadrupled to $1.6 billion for the January-to-March period, compared with $414 million in the prior-year quarter, as the company continued to spend heavily on R&D and manufacturing of its first vehicles. Following the results, Rivian shares rose 7% in after-hours trading. Before that, the stock fell 9.6% during the regular session, closing at $20.60 a share.