As of May 9, Rivian had 90,000 preorders for its R1 vehicles. As of June 30, it had produced 8,000 vehicles. The preorders do not include a 100,000 vehicle order fromAmazon(NASDAQ:AMZN), which is set to be completed by 2030.
For Q2, analysts expect the company to post revenue of$337.98 million. The low estimate falls at $294.2 million, while the high estimate is $378 million. Meanwhile, analysts expect an earnings per share (EPS) loss of $1.63, with the low and high estimates at a loss of $1.93 and $1.46, respectively.$Rivian Automotive, Inc.(RIVN)$
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