Rivian Q3 2024 Earnings/Stock Analysis 📊

Rivian Q3 results have arrived! Revenues dipped below $1B/quarter for the first time since 2023, and gross margins got even worse to negative 45%. The company is still guiding for positive gross margins in Q4 2024 which would be a major win for the company, and I'd be extremely impressed if they hit. My biggest concern when looking at the stock is the sharecount is increasing at an accelerating pace. Up to 1,014M shares in Q3, up 6.5% in just a year. This could accelerate if the share price doesn't go up, causing a dilution spiral.

Disclaimer: I do not own Rivian stock. Nothing in this show is financial advice.

[nanooseguy]

I really hope they make it. I want to buy an R2, but want to see more positive signs first.

[没事啦]

Great videos. The tariffs will benefit American home-grown companies like Rivian. In the coming weeks/months, we may see Rivian heading for new price territories which have not been seen for a while. Rivian is worth an investment.

[bobrade]

It’s a beautiful car! It looks better than Tesla! I believe this is the only company with the potential to compete with Tesla in the US market (excluding Tesla FSD).

[cryptothoughtleader]

Test drive an R1 you will be blown away!!! The driving experience is unbelievable.

[hansolyoon]

What Rivian needs is a meme stock frenzy to pump the stock so they can do a massive secondary offering and raise billions of dollars… other than that, they bettter figure out how to make these cars profitably

[jonp]

The gross margins go from -36 to -45 but they're saying they'll be positive next quarter? For anyone buying that I've got a bridge to sell you.

[tingumr]

May be Rivian can sell a lot of EV credits in Q4 to be profitable.

[musk-eteer]

i was glad i sold their stock 1 week after IPO and earned a bit instead of loss

[TeslaBulldotcom]

They may be better off long term than VW😮

[mvrz]

There is nothing Rivian stock can give you that Tesla doesn't x10

[enspiretheworld]

Rivian needs to overload the media with car commercials. That will fix their profits 💰

[joemercs]

The financial books of many EV manufacturers do not add up. Tesla appears to be the only car company, legacy ICE vehicles included, that has solid financial numbers and can stand unsupported on its own feet. I feel that Rivian will become an ‘also ran’ when the history of the switch to EVs is eventually written. Rivian is not alone. Many of the Chinese car companies are money pits living on borrowed time and massive state subsidies. At some point the rubber has to meet the road.

[MossMini]

R2 is over content and high complexity. No way they will bring cost down.

[dukequack]

Thank god I sold this sorry stock at only 30% loss

[jordanschultz]

Maybe some more amazon money eventually? The cash burn is rough

[anunexpectedfire]

You going to do a Lucid breakdown too? 😂

[FinanceNinja]

Rivian doesn't have the hustle that Tesla did in their early rough years.

[darinbrazil]

Most of their buyers do not qualify for the tax credit so if Rivian lost the credit it wont hurt them, also realize that the credit is only $3, 750 on a Rivian if you purchase and $7500 if you lease.

[MatanMazursky]

you didn't mention Amazon. I think Amazon won't let Rivian fail, they'll bail them out as Bezos needs to have his own EV stake.

[bioactivevivariums]

What will happen when they lose tax credits?