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Rivian delivers on Q2 revenue, expects loss to widen another $700M

Rivian delivers on Q2 revenue, expects loss to widen another $700M Image
  • Posted on 11th Aug, 2022 21:33 PM
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Rivian is holding on tight to its goal of delivering 25,000 electric vehicle by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance on losses within its second quarter earnings report, telling investors that it expects to lo…