Rivian (RIVN) releases Q2 earnings, confirms $1.7 billion loss in race to make money on its electric pickups
August 12, 2022
Electric pickup truck maker, Rivian (RIVN), released its highly anticipated Q2 earnings yesterday, confirming a $1.7 billion loss as the EV maker races the competition towards profitability.
A challenging business environment in Q2 is forcing Rivian to cut its financial earnings outlook for the year. The EV maker says it expects a wider loss of $5.4 billion in 2022, compared to the $4.75…