Automotive

Rivian Posts Earning Loss

Nobody said competing against 100 years of automotive history would be easy(or cheap).
No items found.
Rivian Posts Earning Loss

Rivian's losses for Q2 almost tripled to $1.7b. The company blames unprecedented inflation and supply issues for the downfall in their 2nd year of producing vehicles. 

Down but not out. Rivian says they will stick with its 25k deliveries for 2022. They are running their Illinois factory 24 hours a day and delivering by trains instead of trucks to cut costs.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.