Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders.
The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first three models. Rivian started manufacturing vehicles for the first time late last year.
Source: https://www.wsj.com/articles/rivians-losses-nearly-triple-to-1-7-billion-11660250045?siteid=yhoof2&yptr=yahoo