Shares of Rivian Automotive (NASDAQ:RIVN) lost 3.50% over the past five trading sessions, compounding the stock’s one-month ...

Key Points Tesla will soon lose a critical profit source.This loss will make exciting growth opportunities more difficult to ...

Still, there's a real risk that the company will lose a large chunk of this crucial profit source by the end of the year.

Shockingly, Rivian has negative gross margins -- significantly negative, in fact. Last quarter, gross margin was negative 39%, leading to a $1.375 billion operating loss on $1.158 billion in revenue.

Rivian reported $1.2 billion in revenue during this year’s first quarter, an 8.4% decrease from the fourth quarter but 82% more than Rivian reported during the first three months of 2023.

Since its IPO, Rivian stock has dropped around 85% of its value; since its peak, the share price has fallen by around 90%. The basic prediction about Rivian is whether or not it will still exist ...

For context, the company previously reported a loss of $1.08 in Q2 2023. For revenue, Rivian also posted Q3 sales of $1.3 billion, matching analyst expectations.

That compares with a loss of $2.43 per share on revenue of $54 million that Rivian reported for the fourth quarter of 2021.

Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss ...