CTSM
2021-12-17
Wow
Rivian tumbled nearly 10% in premarket trading after it saw production constraints hindering sales
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Its letter to shareholders did not specify a per-share amount. 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Its letter to shareholders did not specify a per-share amount. Sales hit $1 million as it delivered its first few vehicles in September.</p>\n<p>Analysts polled by FactSet expected the company to report a GAAP loss of $12.04 a share on sales of $900,000.</p>\n<p>The company said it had more than 71,000 preorders for its electric pickup truck, the R1, as of Dec. 15, from about 48,000 preorders in late September.</p>\n<p>Rivian will be \"a couple 100 vehicles short\" of its goal of producing 1,200 vehicles this year. \"The good news is that we do not believe any of our supply-chain challenges are long term,\" Scaringe said. \"They are solvable problems.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196098317","content_text":"Rivian tumbled nearly 10% in premarket trading after it saw production constraints hindering sales.It lost $1.2 billion, or $12.21 a share, in the third quarter, compared with a loss of $288 million, or $2.88 a share, in the year-ago quarter, on higher operating losses, the company said.\nRivian said it lost an adjusted $766 million in the quarter. Its letter to shareholders did not specify a per-share amount. 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