Rivian’s Losses Nearly Triple to $1.7 Billion

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Rivian Automotive Inc. reported its web loss within the second quarter almost tripled to $1.7 billion, additional pressuring the electric-vehicle startup to preserve money and transfer rapidly to fill buyer orders.

The California-based SUV and truck maker stated income for the quarter was about $364 million because it elevated manufacturing and deliveries of its first three fashions. Rivian began manufacturing autos for the primary time late final yr.

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