Guidance taken from the company’s 8-K regulatory filing yesterday evening. Rivian also forecasts Q3 Cash, cash equivalents and short-term investments at $9.1B vs. $10.2B in Q2, stating: “We believe our existing cash, cash equivalents and short-term investments will be sufficient to enable us to fund our operations and capital expenditures through 2025. The foregoing is based on assumptions which may prove to be incorrect, and we could use our available capital resources sooner than we currently expect. will be sufficient to enable us to fund our operations and capital expenditures through 2025. The foregoing is based on assumptions which may prove to be incorrect, and we could use our available capital resources sooner than we currently expect.” Shares of Rivian are down 9% in pre-market trading at $21.51.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RIVN:
- Is It Time to Buy Rivian Stock? Morgan Stanley Says ‘Yes’
- Rivian (NASDAQ:RIVN) Goes Back to the Well, Shares Plummet
- Rivian Stock (NASDAQ:RIVN) Tanks on Convertible Debt Offering
- Rivian Automotive files to sell $1.5B of green convertible senior notes due 2030
- Rivian’s tighter production/delivery gap shows demand strength, says Truist