Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different_老虎社区_美港股上老虎

Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different

Motley Fool2021-12-28

On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric ...

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Guat65
·2021-12-28
How
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ERIC KHOO SG
·2021-12-28
How about nio? They are already up and running
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Ethan Ooi
·2021-12-28
This is short summary to know about Rivian this new rival of EV stock
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beebeeyan
·2021-12-28
mab
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- ycwoo:
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  2021-12-28
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The company delivered 11 electric ...\n\n<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 11:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/>Motley Fool</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOn Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric ...\n\n<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/","article_id":"1155676290","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155676290","pubTimestamp":1640662411,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"translate_title":"Rivian的第一份收益报告看起来像泰斯拉的早期，但这里有什么不同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9},"content_text":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.\nRivian is a mirror of Tesla in some ways\nOnce investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.\nAccording to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.\nWhile current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.\nThese metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.\nRivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.\nWhere Rivian's road forks away from Tesla's\nWhile Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.\nRivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.\nChinese EV manufacturer Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.\nIn short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.\nOn the plus side, Rivian does at least produce working vehicles and has preorders for 71,000 R1T pickup trucks. Retail titan Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.\nBuy Rivian now, or await a lower entry point?\nOrders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.\nRivian may become a viable electric car stock long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":696856888,"gmtCreate":1640668818075,"gmtModify":1640669323692,"author":{"id":"3569745941427325","authorId":"3569745941427325","name":"Guat65","avatar":"https://static.tigerbbs.com/93d2135fbec26685c7a7aa6e923c9ac3","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3569745941427325","idStr":"3569745941427325"},"htmlText":"How&nbsp;","listText":"How&nbsp;","text":"How","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696856888","repostId":1155676290,"repostType":4,"repost":{"id":"1155676290","kind":"news","pubTimestamp":1640662411,"share":"https://www.laohu8.com/m/news/1155676290?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:33","market":"us","language":"en","title":"Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155676290","media":"Motley Fool","summary":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-","content":"On Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-12-28 11:33\n\n</h4>\n</header>\n<article>\nOn Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155676290","content_text":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.\nRivian is a mirror of Tesla in some ways\nOnce investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.\nAccording to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.\nWhile current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.\nThese metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.\nRivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.\nWhere Rivian's road forks away from Tesla's\nWhile Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.\nRivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.\nChinese EV manufacturer Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.\nIn short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.\nOn the plus side, Rivian does at least produce working vehicles and has preorders for 71,000 R1T pickup trucks. Retail titan Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.\nBuy Rivian now, or await a lower entry point?\nOrders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.\nRivian may become a viable electric car stock long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696823123,"gmtCreate":1640665834433,"gmtModify":1640665834822,"author":{"id":"3555190890634141","authorId":"3555190890634141","name":"ERIC KHOO SG","avatar":"https://static.tigerbbs.com/25b5481f56f8204f01f28c4192079f14","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3555190890634141","idStr":"3555190890634141"},"htmlText":"How about nio? They are already up and running","listText":"How about nio? They are already up and running","text":"How about nio? They are already up and running","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696823123","repostId":1155676290,"repostType":4,"repost":{"id":"1155676290","kind":"news","pubTimestamp":1640662411,"share":"https://www.laohu8.com/m/news/1155676290?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:33","market":"us","language":"en","title":"Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155676290","media":"Motley Fool","summary":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-","content":"On Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-12-28 11:33\n\n</h4>\n</header>\n<article>\nOn Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155676290","content_text":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.\nRivian is a mirror of Tesla in some ways\nOnce investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.\nAccording to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.\nWhile current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.\nThese metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.\nRivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.\nWhere Rivian's road forks away from Tesla's\nWhile Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.\nRivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.\nChinese EV manufacturer Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.\nIn short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.\nOn the plus side, Rivian does at least produce working vehicles and has preorders for 71,000 R1T pickup trucks. Retail titan Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.\nBuy Rivian now, or await a lower entry point?\nOrders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.\nRivian may become a viable electric car stock long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696866470,"gmtCreate":1640664508226,"gmtModify":1640664508294,"author":{"id":"4099529441829710","authorId":"4099529441829710","name":"Ethan Ooi","avatar":"https://static.tigerbbs.com/4582faaea3eeb3a8816269a8ac4f567b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4099529441829710","idStr":"4099529441829710"},"htmlText":"This is short summary to know about Rivian this new rival of EV stock","listText":"This is short summary to know about Rivian this new rival of EV stock","text":"This is short summary to know about Rivian this new rival of EV stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696866470","repostId":1155676290,"repostType":4,"repost":{"id":"1155676290","kind":"news","pubTimestamp":1640662411,"share":"https://www.laohu8.com/m/news/1155676290?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:33","market":"us","language":"en","title":"Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155676290","media":"Motley Fool","summary":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-","content":"On Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-12-28 11:33\n\n</h4>\n</header>\n<article>\nOn Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155676290","content_text":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.\nRivian is a mirror of Tesla in some ways\nOnce investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.\nAccording to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.\nWhile current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.\nThese metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.\nRivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.\nWhere Rivian's road forks away from Tesla's\nWhile Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.\nRivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.\nChinese EV manufacturer Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.\nIn short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.\nOn the plus side, Rivian does at least produce working vehicles and has preorders for 71,000 R1T pickup trucks. Retail titan Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.\nBuy Rivian now, or await a lower entry point?\nOrders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.\nRivian may become a viable electric car stock long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696884371,"gmtCreate":1640663225709,"gmtModify":1640663240247,"author":{"id":"3581331692871918","authorId":"3581331692871918","name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581331692871918","idStr":"3581331692871918"},"htmlText":"mab","listText":"mab","text":"mab","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696884371","repostId":1155676290,"repostType":4,"repost":{"id":"1155676290","kind":"news","pubTimestamp":1640662411,"share":"https://www.laohu8.com/m/news/1155676290?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:33","market":"us","language":"en","title":"Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155676290","media":"Motley Fool","summary":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-","content":"On Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian's First Earnings Report Looks Like Tesla's Early Days, But Here's What's Different<blockquote>Rivian的第一份收益报告看起来像特斯拉的早期，但这里有一些不同之处</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-12-28 11:33\n\n</h4>\n</header>\n<article>\nOn Dec. 16, high-end electric pickup and SUV maker&nbsp;Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like&nbsp;Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.<blockquote>12月16日，高端电动皮卡和SUV制造商Rivian汽车（纳斯达克：RIVN）公布了自最近首次公开募股上市以来的首次季度业绩。该公司在2021年第三季度总共交付了11辆电动汽车(EV)，带来了约100万美元的收入。与此同时，在季度发布时，其市值（market cap）高达1000亿美元。总体而言，该公司看起来很像特斯拉（纳斯达克：TSLA）上市后不久，但有一些关键差异值得谨慎。</blockquote> Rivian is a mirror of Tesla in some ways<blockquote>Rivian在某些方面是特斯拉的一面镜子</blockquote> Once investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.<blockquote>当投资者看到Rivian第三季度财报后，其股价大幅下跌，市值从1000亿美元跌至圣诞节前的880亿美元。一些分析师一直在关注Rivian目前的处境，并认为它与特斯拉在开始向上攀登时的处境非常相似。当时，埃隆·马斯克的公司收入也很少，只有几款车型和对未来产量的预测，无法在股市上获得牵引力。</blockquote> According to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.<blockquote>根据Rivian管理层致股东的信，该公司在截至9月30日的三个月内仅赚取了100万美元的收入。该期间的净亏损为12.3亿美元，但其中4.58亿美元是可转换票据造成的净亏损。这导致每股净亏损12.21美元，远低于华尔街分析师普遍预测的每股亏损6.68美元。不计可转换票据，该公司季度净亏损为7.76亿美元。</blockquote> While current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.<blockquote>虽然目前的产量只有少数车辆，但Rivian对未来持乐观态度。本季度末，该公司拥有52亿美元现金；加上137亿美元的IPO总收益和其他规模较小的资金来源的净收益，该公司表示，该公司有约199亿美元的资金可以用来实现其目标。这些目标包括将伊利诺伊州工厂的年产能从15万辆提高到20万辆，以及在佐治亚州建设第二家工厂，产能为40万辆，并于2024年开始运营。</blockquote> These metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant&nbsp;Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.<blockquote>这些指标和目标看起来很有吸引力，但在这一点上，它们大多是猜测。Rivian R1T皮卡车的预订量为71,000辆，但实际上路的车辆只有极少数。即使有大约200亿美元的资金，在短短三年内从每季度生产11辆汽车到理论上每季度生产15万辆汽车（基于Rivian工厂的估计）也是一个严峻的挑战。而总额几乎是汽车巨头金额的三分之二福特（纽约证券交易所股票代码：F）正在投资于自己的电动汽车生产，Blue Oval是一家已有一个多世纪历史的老牌汽车制造商，这使其在大规模生产方面拥有深厚的知识、庞大的机械资源、技术人员以及在消费者中的知名度。全球。</blockquote> Rivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.<blockquote>Rivian也可能失去了福特的技术援助，因为福特在11月决定在其电动汽车项目上“单干”，取消了与Rivian的联合电动汽车生产计划。Rivian必须克服的另一个严重障碍是，与十年前的特斯拉相比，它作为一家电动汽车初创公司所面临的环境截然不同。</blockquote> Where Rivian's road forks away from Tesla's<blockquote>Rivian的路与特斯拉的路分叉的地方</blockquote> While Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.<blockquote>虽然Rivian目前的指标看起来很像特斯拉的早期，除了其巨大的估值，但它并不是在相同的环境下运营的。尽管混合动力汽车早在它之前就已经存在，电动汽车也曾被尝试过，但特斯拉是一家开创性的企业，是同类企业中的第一家。</blockquote> Rivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently&nbsp;stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks&nbsp;because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.<blockquote>Rivian正在一个非常不同的世界中运营。特斯拉本身现在是一股主导力量，市值超过1万亿美元，每年生产约100万辆非常受欢迎的电动汽车。福特最近停止接受其即将推出的20万辆F-150 Lightning电动皮卡的预订，因为产量跟不上需求。该公司还计划到2025年建设价值300亿美元的电动汽车和电动汽车电池设施，以实现大规模制造业扩张。</blockquote> Chinese EV manufacturer&nbsp;Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.<blockquote>中国电动汽车制造商蔚来（纽约证券交易所股票代码：蔚来）刚刚推出了一款中型电动轿车ET5，能够在续航里程和功能上挑战特斯拉Model S Plaid，并计划在未来几年内扩展到25个国家。它现在每月生产超过10,000辆汽车。世界上几乎所有主要汽车制造商都在推出电动汽车，还有许多其他专门的电动汽车初创企业需要应对。</blockquote> In short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.<blockquote>简而言之，虽然Rivian类似于早期的特斯拉，但特斯拉的竞争几乎为零，这给了它作为先驱更多的回旋余地。相比之下，Rivian正试图打入一个已经挤满了成功竞争对手的电动汽车市场，这些竞争对手正忙于将产量扩大到数十万甚至数百万辆，而Rivian仍在努力销售首批几辆汽车。</blockquote> On the plus side, Rivian does at least produce working vehicles and has&nbsp;preorders for 71,000 R1T pickup trucks.&nbsp;Retail titan&nbsp;Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering&nbsp;selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.<blockquote>从好的方面来看，Rivian至少生产了工作车辆，并预订了71,000辆R1T皮卡。零售巨头亚马逊（纳斯达克：AMZN）正在与其合作购买潜在的10万辆送货车。然而，考虑到福特可能不再是制造合作伙伴，实际生产这些车辆可能是一个问题。福特首席执行官吉姆·法利(Jim Farley)最近在接受CNBC采访时表示，福特正在考虑在禁售期到期后出售其在Rivian12%的股份，从而获得数十亿美元的回报，或者投资于自己快速加速的电动汽车发展。</blockquote> Buy Rivian now, or await a lower entry point?<blockquote>现在购买Rivian，还是等待更低的切入点？</blockquote> Orders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.<blockquote>订单和市场对所有电动汽车股票的热情可以说是目前Rivian股价相对较高的两个主要因素。尽管如此，在我看来，维持或提高这一估值所面临的障碍和风险相当高。提高产量的挑战（可能没有福特的专业知识和帮助）、它面临的众多强大竞争对手以及福特出售其Rivian股份的可能性，让我怀疑它能否在更长时间内保持当前的股价。</blockquote> Rivian may become a viable&nbsp;electric car stock&nbsp;long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.<blockquote>从长远来看，Rivian可能会成为一只可行的电动汽车股票，但与此同时，它似乎可能会大幅削减目前飙升的估值。这种情况使得等待股价大幅下跌作为切入点成为至少值得考虑的策略。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/rivian-earnings-report-looks-like-tesla-early-days/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155676290","content_text":"On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive(NASDAQ:RIVN)reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release. Overall, the company looks a lot like Tesla(NASDAQ:TSLA)shortly after it went public, but there are some key differences sounding a note of caution.\nRivian is a mirror of Tesla in some ways\nOnce investors got a look at Rivian's Q3 earnings report,its share price dropped sharply, bringing its market cap down from $100 billion to a pre-Christmas level of $88 billion. Some analysts have been looking at Rivian's current position and arguing that it's quite similar to Tesla's at the start of its own upward climb. That was when Elon Musk's company also had scant revenue and little more than a few vehicle models and projections of future production to give it stock market traction.\nAccording to Rivian management's letter to shareholders, the company earned just $1 million in revenue during the three months ending on Sept. 30. Its net loss for the period was $1.23 billion, though $458 million of this was a net loss due to convertible notes. This led to a $12.21 net loss per share, far worse than Wall Street analyst consensus predictions of a $6.68 loss per share. Omitting the convertible notes, the company's quarterly net loss was $776 million.\nWhile current production is only a handful of vehicles, Rivian is looking to the future as a cause for optimism. It ended the quarter with $5.2 billion in cash; together with the net proceeds from its $13.7 billion in gross IPO proceeds and other, smaller funding sources, says it has around $19.9 billion to work with in achieving its goals. Those goals include boosting its Illinois factory's manufacturing capacity from 150,000 to 200,000 vehicles annually, along with building a second factory in Georgia with a 400,000-vehicle manufacturing capacity, to begin operating in 2024.\nThese metrics and goals appear attractive, but at this point, they are mostly speculation. Rivian has 71,000 pre-orders for its R1T pickup truck, but it only has a tiny handful of vehicles actually on the road. Going from producing 11 vehicles in a quarter to, theoretically, 150,000 per quarter (based on Rivian's factory estimates) in just three years is a steep challenge even with around $20 billion available to fund it. While the sum is almost two-thirds of the amount automotive giant Ford(NYSE:F)is spending on its own EV production, the Blue Oval has been an established automaker for over a century, giving it deep levels of knowledge on mass production and immense resources of machinery, technical staff, and name recognition among consumers around the globe.\nRivian may also have lost Ford's technical assistance after the latter decided to \"go it alone\" on its EV program in November, canceling its joint EV production plans with Rivian. Another serious roadblock Rivian will have to overcome is the very different environment it faces as an EV start-up compared to Tesla a decade ago.\nWhere Rivian's road forks away from Tesla's\nWhile Rivian's current metrics look rather like Tesla's early days except for its massive valuation, it isn't operating in the same environment. Though hybrid vehicles existed well before it, and EVs had been tried, Tesla was a groundbreaking enterprise, the first of its kind.\nRivian is operating in a very different world. Tesla itself is now a dominating force with a market cap above $1 trillion, manufacturing around a million very popular EVs per year. Ford recently stopped accepting reservations for its upcoming F-150 Lightningelectric pickup at 200,000 trucks because production couldn't keep up with demand. It's also building $30 billion worth of EV and EV battery facilities by 2025 for a massive manufacturing expansion.\nChinese EV manufacturer Nio(NYSE:NIO)just unveiled a mid-sized electric sedan, the ET5, capable of challenging the Tesla Model S Plaid on range and features, and it plans to expand into 25 countries over the next few years. It's also now consistently building more than 10,000 vehicles per month. Just about every major automaker in the world is in the process of rolling out electric vehicles, and there are many other dedicated EV start-ups to contend with, too.\nIn short, while Rivian resembles early Tesla, Tesla was operating with close-to-zero serious competition, giving it much more leeway as a pioneer. Rivian, by contrast, is trying to break into an EV market already crowded with successful rivals, who are busy expanding production into the hundreds of thousands and then millions, while Rivian is still trying to get its first few vehicles sold.\nOn the plus side, Rivian does at least produce working vehicles and has preorders for 71,000 R1T pickup trucks. Retail titan Amazon(NASDAQ:AMZN)is working with it to buy a potential 100,000 delivery vans. Actually producing these vehicles could be a problem, however, considering that Ford may no longer be a manufacturing partner. In a recent CNBC interview, Ford CEO Jim Farley said Ford is considering selling its 12% stake in Rivianonce lock-up expires, gaining billions it can return to shareholders or invest in its own rapidly accelerating EV push.\nBuy Rivian now, or await a lower entry point?\nOrders and sheer market enthusiasm for all EV stocks are arguably the two main factors holding Rivian's share price relatively high right now. Nevertheless, in my opinion, the hurdles and risks it faces in maintaining or growing this valuation are quite high. The challenges of ramping up production (possibly without Ford's know-how and assistance), the numerous powerful competitors it faces, and the likelihood Ford will sell its Rivian stake, make me skeptical it will maintain its current stock value much longer.\nRivian may become a viable electric car stock long-term, but it seems likely to shed a lot of its current soaring valuation in the meantime. This scenario makes waiting for a much lower share price as an entry point a strategy at least worth considering.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7125368,"gmtCreate":1640663639719,"gmtModify":1640663639812,"authorId":3565146699964497,"author":{"id":3565146699964497,"idStr":"3565146699964497","authorId":3565146699964497,"name":"ycwoo","avatar":"https://static.tigerbbs.com/637be28a03f575af22b76a60dad1181b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696884371,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":50,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}