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

Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million.
The automaker tucked the revised guidance within its second quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from the $4.75 billion estimate it shared three months earlier. Rivian blamed the hike on several factors, including “supply chain challenges” and “raw material inflation.”
In Q2, Rivian lost $1.71 billion and delivered 4,467 vehicles. Those

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