Articles for tag: Billion, CostCutting, Efforts, Loss, Massive, Ongoing, Rivians, Sparks

May 8, 2024

Rivian’s Massive Loss: $1.45 Billion Sparks Ongoing Cost-Cutting Efforts

Electric vehicle company Rivian has reported a significant loss of $1.45 billion amid ongoing efforts to cut costs. The company has been implementing measures to reduce expenses as it navigates through a challenging financial period. Despite the losses, Rivian remains focused on delivering innovative and sustainable transportation solutions. Click to Claim Latest Airdrop for FREE ...

May 7, 2024

Market News

Business

Rivian’s Q1 results spark interest as capex forecast reduced and ‘gross profit’ expected in Q4

Electric vehicle manufacturer Rivian has recently announced their first-quarter financial results, revealing a combination of positive and negative outcomes. Despite trimming their capital expenditure forecast, the company remains optimistic as they anticipate achieving a ‘gross profit’ in the fourth quarter. Stay tuned for more updates on Rivian’s performance in the coming months. Click to Claim ...