RIVN Stock Edges Up After-Hours — EV Maker Narrows Full Year Guidance And Tempers Spending Plans
Rivian improved full-year adjusted EBITDA guidance to a loss of $2 billion to $1.80 billion, from a prior $2.10 billion to $1.80 billion. Rivian reported consolidated revenue of $1.658 billion for the quarter ended June 30, a 27% increase from $1.303 billion a year earlier. The improved financials are in line with the company’s increased … Read more