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Benzinga
Benzinga
Business
Anusuya Lahiri

BIZARRE: Rivian s path to profitability gets longer as regulatory changes squeeze margins | Mind Blowing Facts

Rivian Ryan Brinkman RIVN Daniel Ives JPMorgan electric vehicle Volkswagen
Rivian Automotive

Rivian Automotive (NASDAQ:RIVN) shares declined on Wednesday after the electric vehicle manufacturer posted mixed second-quarter results and issued a downbeat outlook, prompting a round of price target cuts from Wall Street analysts.

The company reported second-quarter revenue of $1.303 billion, a 5.1% year-over-year increase that slightly surpassed the Street consensus estimate of $1.29 billion, according to Benzinga Pro.

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