Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported second quarter financial results after market close Tuesday.Here are the key highlights.What Happened: Rivian reported second-quarter net sales of $1.303 billion, up 5.1% year-over-year. The revenue beat a Street consensus estimate of $1.29 billion according to data from Benzinga Pro.The company reported an adjusted loss of 97 cents per share. It missed the Street consensus estimate — a loss of 76 cents per share.Rivian previously stated it produced 5,979 vehicles and delivered 10,661 cars in the quarter. The results come with production limited.Rivian announced that it received a $1 billion equity investment from Volkswagen Group (OTC:VWAGY) as of June 30.The company said it is ...Full story available on Benzinga.com
Rivian Q2 Earnings: Revenue Beat, EPS Miss, Delivery Guidance Stays On Track, But With Heavier Losses
