Rivian Automotive 2Q: Not Bad At All

Sundry Photography If there was any takeaway from the second quarter earnings of Rivian Automotive (NASDAQ:RIVN) yesterday, it was that it is becoming increasingly imperative for the electric-vehicle company to institute major cost cuts in order to improve its profitability. The electric-vehicle company reported a slightly lower loss than expected for the second quarter, but Rivian Automotive’s cash reserves continue to dwindle. I think that Rivian Automotive is overall on a good path, particularly beca ...