They said that
"Rivian is confident it will achieve a positive gross profit in Q4 2024. The company is starting to see impacts from upgrades at its Normal, IL plant and expects to see more results in the second half of the year."
" Rivian is confident it will achieve a positive gross profit in Q4 2024. The company is starting to see impacts from upgrades at its Normal, IL plant and expects to see more results in the second half of the year. "
Do you think this promise will be kept?
The company has repeated its...
"Deliveries in Q3 will be less than in Q2."
This word got the whole thing twisted.
They said that 2Q deliveries are less than 1Q (10~15%).
But the results were almost the same.
If they really expect a fourth-quarter turnaround
There can never be a number worse than 2Q.