Rivian tops Wall Street's second-quarter expectations amid cost cuts

Rivian Automotive beat Wall Street's top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business.Here is how the company did, compared to estimates from analysts polled by LSEG:Earnings per share: Loss of $1.13 adjusted vs. loss of$1.21 expectedAutomotive revenue: $1.16 billion vs.$1.14 billion expectedThe company's adjusted net losses widened during the second quarter to $1.46 billion, or a loss of$1.46 per share, compared with a yea ...