secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001874178-24-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rivian Q3 net loss $(1.1B); delivery outlook reaffirmed, production cut on parts shortage
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- Q3 revenue $874M; net loss $(1.1B) ($1.08/sh) vs $(1.367B) loss a year ago.
- Produced 13,157 vehicles, delivered 10,018; reaffirms delivery guide 50.5k-52k, cuts production guide to 47k-49k on part shortage.
- Gross loss improved to $(392)M from $(477)M YoY; on track for Q4 positive gross profit.
- LG Energy Solution to supply 4695 cells for R2; VW JV closing Q4; $1B VW note converts Dec 1.
- Cash $6.739B; adjusted EBITDA guidance revised to $(2.825)-(2.875)B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000061/0001874178-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000061/rivn-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001874178-24-000061

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