Rivian Announces Lower Than Expected Quarterly Loss, Reaffirms EV Production Target

Electric vehicle maker Rivian Automotive reported a weaker-than-expected first-quarter loss on Tuesday and said it was still on track to hit a 2023 production target of 50,000 vehicles. Here are the key numbers from Rivian’s first-quarter earnings report, along with Wall Street consensus expectations as reported by Refinitiv: Adjusted loss per share: $1.25 vs $1.59 […]