Rivian raises 2023 EV production guidance, posts narrower-than-expected quarterly loss
Publishing timestamp: 2023-08-09 07:22:18
Summary
Rivian Automotive reported a narrower loss than expected for the second quarter and raised its production guidance for 2023. The company delivered more vehicles than the previous year and achieved cost efficiencies. However, it also reported a decrease in cash and delayed the launch of its upcoming vehicle platform.
Sentiment: MIXED
Keywords: earnings, breaking news: earnings, technology, breaking news: technology, climate, business news, amazon.com inc, rivian automotive inc, business, electric vehicles,
Source: https://www.cnbc.com/2023/08/08/rivian-rivn-earnings-report-q2-2023.html