preloader icon



Apex Trader Funding (ATF) - News

Rivian Stuck In Stagnant Trend With Selling Pressure Ahead Of Q1 Earnings

Wall Street expects Rivian Automotive Inc (NASDAQ:RIVN) to report negative $1.17 in earnings per share (EPS) and $1.163 billion in revenues after market hours on Tuesday. The stock is down 21.39% over the past year, -57.08%% year-to-date. An $827M Incentive Package Recent news indicates Rivian Automotive has announced the receipt of an $827 million incentive package from the Illinois Department of Commerce Economic Opportunity. The funding is intended to support the expansion of operations at its Normal, Illinois plant and finance job-training programs for employees in preparation for the production launch of the R2, the company’s mid-sized SUV. Related: Tesla’s China FSD Goldmine, Rivian Receives Much-Needed Cash Boost, Fisker Lands In Another Legal Mess And More: Biggest EV Stories Of The Week Let’s look at what the charts indicate for Rivian stock, and how the stock currently maps against Wall Street estimates. Rivian’s Upcoming Q1 Earnings  Rivian ...