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

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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 […]

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

2022-05-12 08:03

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