Rivian shares pop even as Q1 losses widen amid EV production ramp up

Rivian saw its first-quarter losses widen nearly fourfold as the EV maker burned through cash battling supply chain constraints and production bottlenecks to bring its electric vehicles to market.
Rivian, which is now delivering its R1T pickup and R1S SUV to consumers and EDV commercial electric van to Amazon, reported net losses of $1.59 billion in the first quarter, compared with $414 million in the same period last year.  The company also reported a first-quarter loss of $1.77 per share on revenue of $95 million.
On an adjusted basis, Rivian reported reported a loss of $1.43 a share for the

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