Why Rivian stock dropped after earnings report?

$Rivian Automotive (RIVN.US)$ reported its first financial snapshot since the IPO, but it failed to satisfy the market on Thursday.

It reported a loss that topped $1 billion on rising operating costs as it tries to ramp up vehicle production and faces headwinds from supply-chain snags and the tight labor market. Rivian said it expects to fall “a few hundred vehicles short” of its 2021 production target of 1,200 vehicles.

Rivian has recently pared gains in the high-profile IPO November, accompanied by the weak trend in the electric vehicle industry.

Why Rivian stock dropped after earnings report?

As the IPO fever faded, investors need delve into the fundamentals when making investment decisions.

How to read a company's earnings? Click to the most popular course:

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ZhuangLeo : My average price is 146, now I've lost more than 3W, what should I do? Oh my gosh!

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70534718 : Don't be afraid; there's no interest on putting it in the bank anyway. Will be back. I'm 144 too.

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Mike1 ZhuangLeo : I'm not afraid of 30,000 RMB, it's just 5,000 dollars

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Michael Murphy 70534718 : Run It

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Moomoo Learn OP ZhuangLeo : The importance of reasonable position control

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Moomoo Learn OP 70534718 :

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