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Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders. The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first … Read more
Text size The Rivian R1S should start shipping to customers in just a few months. Courtesy of Rivian Electric-truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more important, maintained its production estimates for the full year. The stock is wobbling while investors digest the news. Rivian (ticker: RIVN) reported an adjusted per-share loss … Read more
At Rivian Automotive Inc.’s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric trucks started, executives recently marked a milestone in uninterrupted work days: The company’s plant ran at full speed for an entire 10-hour work … Read more
Text size Rivian is expected to produce fewer cars than Wall Street had anticipated this year. Courtesy Rivian Wall Street has been pretty positive on Rivian Automotive stock, despite some rocky trading out of the gate for the electric-truck start-up. Now, shares have their first Sell rating from a large broker. Monday, Exane BNP Paribas … Read more
A basket of metals that go into lithium ion batteries is up 64% so far in 2022, which theoretically raises the sticker price of an average electric vehicle. Ronny Hartmann/AFP via Getty Images Text size Inflation is hitting the electric vehicle supply chain as the prices for metals that go into batteries soar. It isn’t … Read more