EV Maker Rivian Predicts $5.45 Billion Loss in 2022
The electric car maker Rivian believes it can still produce and deliver 25,000 electric vehicles (EV) by the end of the year. But in the process of doing so, the company expects to mount a substantially more significant loss.
As part of its second-quarter report,...
Rivian Stock Jumps 12% After Production Improvement in Q2
Electric car maker Rivian Automotive revealed its second-quarter production numbers this week, and it's safe to say there was a big improvement compared to Q1. According to Rivian, their Normal, Illinois factory produced 4,401 units while 4,467 electric vehicles were delivered to the customers...