The electric vehicle upstart is struggling. Can it turn the corner?Making cars is tough, and it's even tougher if you start a new vehicle brand from scratch. The huge upfront investments required for production create a barrier to entry, so very few new automotive brands achieve sustainable success. Recent examples include Tesla and BYD, but there are dozens of failures for every successful car business.Rivian Automotive (RIVN -5.23%) is trying to become the next sustainable automotive brand. By focusing on ...

文章核心观点 - 瑞维安(Rivian)股价在过去三个月内大涨,这可能会持续下去 [1] - 瑞维安作为一家新兴汽车制造商,在电动汽车行业转型的背景下,从头建立起一家汽车制造商是一项艰巨的任务,但公司有机会取得成功 [2][3] 公司运营和成本管控 - 公司对R1车型进行了二代升级,通过减少65个零件和近1,500个连接点,提高了生产效率,将车型生产率提高了30% [4][5] - 公司采用了新的内部研发的Ascent Tri驱动系统,提高了性能并降低了制造成本约32% [5] - 公司将电子控制单元(ECU)从17个减少到7个,减少了1.6英里的线束长度,大幅降低了ECU成本 [6] - 这些改进措施以及商业成本改善和大宗商品价格下降,预计将在2024年第四季度与2024年第一季度相比,使车辆材料成本降低20%,有助于公司今年实现正毛利 [7][10] - 公司在第二季度的经营活动现金流改善了41%,这是吸引投资者(如大众的50亿美元投资承诺)的关键因素 [8] 软件和未来发展 - 公司自主研发的可扩展和通用的软件平台,可能会被投资方(如大众)用于合资项目,或通过许可协议为公司带来收入 [9] - 未来关键指标包括成本降低、交付量保持预期水平,以及在第四季度实现正毛利 [10] - 尽管第二季度业绩未能推动股价上涨,但公司在成本降低、效率提升以及充足现金储备等方面仍有亮点 [11]

Why the quarter may be the most important in its history.Rivian's (RIVN -5.23%) second quarter could go down as the most important in its history after the electric vehicle (EV) maker introduced its next-generation vehicle platform and struck a partnership with Volkswagen Group (OTC: VWAGY). However, those important events happened toward the end of the quarter and did not have a major impact on its Q2 results.Let's take a look at Rivian's most recent quarterly results and why the company appears to be read ...

The electric vehicle maker still looks deeply undervalued.Rivian Automotive's (RIVN -5.23%) stock tumbled 7% on Aug. 7 after it posted a mixed second-quarter report. The electric vehicle (EV) maker's revenue rose 3% year over year to $1.16 billion and exceeded analysts' expectations by $20 million.But its net loss widened from $1.2 billion to $1.46 billion, or $1.46 per share, missing the consensus forecast by $0.21. It slightly narrowed its adjusted earnings before interest, taxes, depreciation, and amorti ...

Sundry Photography If there was any takeaway from the second quarter earnings of Rivian Automotive (NASDAQ:RIVN) yesterday, it was that it is becoming increasingly imperative for the electric-vehicle company to institute major cost cuts in order to improve its profitability. The electric-vehicle company reported a slightly lower loss than expected for the second quarter, but Rivian Automotive’s cash reserves continue to dwindle. I think that Rivian Automotive is overall on a good path, particularly beca ...

Klaus Vedfelt Investment Thesis After its IPO in 2021, Rivian (NASDAQ:RIVN) was valued at over USD 100bn, more than Ford (F) or General Motors (GM). That has now come down to less than 14bn, after a 50% rally last month. Rivian had announced a deal with Volkswagen Group (OTCPK:VWAGY), where it will receive USD 1bn in December this year and possibly 4bn more until 2026 for a joint venture to develop software-defined vehicle platforms together. Source: Seeking Alpha It remains to be seen what kind of comp ...

Rivian Automotive TodayRIVNRivian Automotive$13.78 -1.02 (-6.89%) 52-Week Range$8.26▼$25.73Price Target$19.67Add to WatchlistRivian NASDAQ: RIVN made progress on several fronts in Q2 and reached a pivotal quarter, at least in the eyes of its CEO. However, despite the good news, the stock price will return to $10 and may move even lower. The reason is simple. Rivian isn’t making money but burning it. Costs are up YoY despite cost-control efforts, and it’ll be a long time until true profitability is reached.  ...

文章核心观点 - 公司已大幅降低成本,预计在2022年第四季度和2025年全年实现正毛利[1][4][5][6] - 公司品牌力持续强劲,其电动车受到广泛好评[7] - 公司在多个领域拥有巨大机遇,包括与大众的合作、推出新款更便宜的电动车、进军欧洲市场以及与大型企业签订新合同[2][8][9][10] 根据目录分别总结 公司财务进展 - 公司通过技术和与供应商的新交易大幅降低了材料成本[5] - 公司还降低了商品成本,并将生产线速度提高约30%[5] - 公司计划通过销售更多电动车、降低折旧费用、首次销售二手车以及销售更多排放信用来提高毛利率[5] - 公司正在降低每辆电动车的毛损,从第一季度的38,784美元下降到第二季度的32,705美元,其中14,000美元为非现金成本[6] 品牌力和发展机遇 - 公司电动车受到广泛好评,J.D. Power的年度APEAL研究将其评为行业最佳[7] - 与大众的合作有望降低公司成本,并为其带来大量收入[8] - 公司正在开发新的R2和R3电动车型,定价在45,000美元以下,有望在美国和欧洲市场获得广泛需求[10] - 公司正在与亚马逊以外的其他公司进行电动货车试点项目,预计将为公司带来收入[11] 一个令人失望的遗漏 - 公司与摩根奥尔森的交易在上一季度尚未产生收入,但考虑到汽车生产周期较长,预计该交易长期内仍将为公司带来收益[12]

文章核心观点 - 电动汽车制造商Rivian在第二季度业绩表现不佳,亏损扩大尽管公司专注于成本管理 [1][3] - Rivian维持了全年57,000辆的产量预测,但第一半年仅销售约27,000辆,存在一定挑战 [5] - 分析师对Rivian的前景持谨慎态度,纷纷下调了股价目标,但仍维持整体的"买入"评级 [7][8] 根据相关目录分别进行总结 财务表现 - Rivian第二季度调整后每股亏损1.13美元,优于预期的1.21美元 [2] - 但净亏损扩大至14.6亿美元,每股1.46美元,去年同期为12亿美元 [3] - EBITDA约为8.6亿美元,仍低于盈亏平衡点 [3] 销量和产量 - Rivian维持了全年57,000辆的产量预测,去年约50,000辆 [5] - 但第一半年仅销售约27,000辆,2024年预计销量56,000辆存在挑战 [5] 分析师评级 - 分析师纷纷下调了Rivian的股价目标,如Needham从20美元下调至18美元,Wells Fargo从18美元下调至15美元 [7] - 但整体维持"买入"评级,认为Rivian有长期成功的潜力 [7][8]

Key TakeawaysRivian Automotive's second-quarter loss increased as it continued to lose money on each electric vehicle it sells.Deliveries outpaced production as the company retooled its manufacturing plant.Rivian affirmed its full-year production, adjusted EBITDA, and capital expenditure outlooks. Shares of Rivian Automotive (RIVN) fell Wednesday, a day after the electric vehicle (EV) manufacturer's second-quarter net loss widened as it continued to lose money on each unit it sells. The maker of the R1T pic ...