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Jun 30, 2024
Rivian Q2 2024 Earnings Report
Announced second quarter 2024 financial results and reaffirmed all aspects of guidance for the year.
Key Takeaways
Rivian reported strong execution in Q2 2024, completing the retooling upgrade at its plant in Normal, IL, producing 9,612 vehicles and delivering 13,790. The company's revenues were $1.158 billion, primarily driven by vehicle deliveries. Rivian also announced a technology joint venture with Volkswagen Group, with a total deal size of up to $5 billion.
Reaffirmed all aspects of guidance for the year.
Announced technology joint venture with Volkswagen Group with a total deal size of up to $5 billion.
Completed the retooling upgrade at the company’s plant in Normal, IL.
Introduced and started deliveries of the second generation R1 vehicles.
Revenue by Segment
Forward Guidance
Company reaffirms all aspects of guidance for the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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