• Wed. Jun 12th, 2024

Rivian Stock: 80% Of Market Value Is Now Cash (NASDAQ:RIVN)

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Rivian Electric Pickup Truck

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Rivian Automotive Inc. (NASDAQ:RIVN) released its quarterly earnings on May 7, 2024 and reported a wider-than-anticipated loss for 1Q24 amid an underwhelming production ramp.

The electric-vehicle maker lost $1.45 billion in 1Q24 amid high production expenses; however, Rivian Automotive did succeed



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