Rivian ($RIVN) projects Q2 vehicle production to be between 9.1K-9.3K, below the estimated 10.29K. Deliveries for Q2 are expected to be 13K-13.3K, surpassing the estimated 10.24K. The company plans over $2.5B in Capex reductions from 2023-2025 and anticipates a 45% material cost reduction from R1 Gen 2 to R2. Rivian targets the launch of R2 in 2026 and reaffirms its 2024 production guidance of 57K units.
$RIVN | Rivian Announces Preliminary Q2 Deliveries and Production Key Highlights: š Q2 Deliveries: Rivian pre-announces deliveries for Q2 at 13.0K to 13.3K, surpassing expectations of 10.2K. šQ2 Production: Production figures for Q2 are projected between 9.1K to 9.3K,ā¦ https://t.co/EcOuaTXyd3
Rivian $RIVN just pre announced some of its Q2 data Deliveries: 13K-13.3K above expectations of 10.2K Production: 9.1K-9.3K below expectations of 10.3K
$RIVN | Rivian Pre-Announces Q2 Deliveries of 13K-13.3K, above 10.2K Estimates ā Q2 Production: 9.1K-9.3K vs. 10.3K Expected ā Reaffirms Positive Gross Profits by Q4 ā Maintains 2024 Production Guidance of 57K Units ā Plans $2.5B+ Capex Reductions (2023-2025) ā Projects 45%ā¦
$RIVN | Rivian Projects Q2 Vehicle Production of 9.1K-9.3K, Below Est. 10.29K - Q2 Deliveries Expected at 13K-13.3K, Above Est. 10.24K - Plans $2.5B+ Capex Reductions 2023-2025; Expects 45% Material Cost Reduction from R1 Gen 2 to R2 - Targets R2 Launch in 2026; Reaffirms 2024ā¦
Rivian Investor Day 2024 - Key Highlights: $RIVN Forward-Looking Statements: Rivian's statements at the Investor Day include forward-looking aspects regarding future operations, business strategy, financial results, vehicle profitability, production levels, and partnerships.ā¦