Hyperdrive
Rivian Needs to Show It Can Stop Burning Cash as EV Demand Slows
- Analyst estimates for 2024 revenue have sunk 43% in 12 months
- ‘Demand now in question,’ Barclays analyst Levy says
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Rivian Automotive Inc. lost its claim to be Tesla Inc.’s most credible competitor long ago. Now, its ability to navigate an EV demand slowdown poses its biggest test.
With even auto industry stalwarts such as Ford Motor Co. dialing back their expansion plans, the top question for investors will be how an unprofitable, cash-burning startup can weather the storm. Markets will be seeking clarity when the Amazon.com Inc.-backed firm reports fourth-quarter results on Wednesday.