May 7, 2024, 9:11 PM
May 7, 2024, 8:10 PM
Rivian posts wider-than-expected Q1 loss and cuts 2024 capital spending forecast
- Rivian Automotive reported a wider-than-expected loss in the first quarter
- The company also cut its 2024 capital spending forecast by $550 million
- Despite the losses, Rivian reiterated its production forecast for this year
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