May 10, 2024, 3:23 PM
May 7, 2024, 8:14 PM
Rivian's losses reach $1.5 billion in first quarter
- Rivian reported a loss of $1.5 billion in the first quarter of the year.
- Despite the losses, Rivian remains on track with its production plans in Illinois.
- The company is cutting its annual capital expenditure forecast by $550 million.
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