Rivian loses $1.45 billion as cost-cutting measures continue

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http://techcrunch.com/2024/05/07/rivian-q1-2024-earnings-results-profit

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Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, the company announced Tuesday. The Q1 revenue figure reflected a somewhat tepid sales quarter. The company reported in April it produced 13,980 vehicles and delivered 13,588 of them in the first quarter of 2024. Both of those figures are down from the fourth...