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Stock impact report

Rivian’s Losses Nearly Triple to $1.7 Billion [Yahoo! Finance News]

Fisker Inc. Class A (FSR) 
Electric-vehicle startups like Rivian, Lucid, Fisker, Canoo and Lordstown are having to adjust to the realities of making vehicles in a harsh economy. WSJ’s George Downs explains some of the challenges they’re facing and why some even risk going out of business. Photo composite: George DownsBySean McLainUpdated Aug. 11, 2022 4:40 pm ETRivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further putting pressure on the electric-vehicle startup to conserve cash and move quickly to fill customer orders.The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first three models. Rivian started manufacturing vehicles for the first time late last year.SubscribeContinue reading your article withView Membership Options Show less Read more
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