Rivian's Loss Widens as EV Maker Continues To Lose Money Per Delivery
RIVNRivian Automotive(RIVN) Investopedia·2024-08-08 00:26

Key TakeawaysRivian Automotive's second-quarter loss increased as it continued to lose money on each electric vehicle it sells.Deliveries outpaced production as the company retooled its manufacturing plant.Rivian affirmed its full-year production, adjusted EBITDA, and capital expenditure outlooks. Shares of Rivian Automotive (RIVN) fell Wednesday, a day after the electric vehicle (EV) manufacturer's second-quarter net loss widened as it continued to lose money on each unit it sells. The maker of the R1T pic ...