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Rivian Q3 2024 Earnings/Stock Analysis 📊
Manage episode 449007264 series 2416899
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.
340 tập
Manage episode 449007264 series 2416899
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.
340 tập
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