Why Rivian’s Q2 $1.7B Loss Shouldn’t Worry Investors
Aug 23, 2022
Amazon-backed startup Rivian Automotive Inc. (NASDAQ: RIVN) recently announced that it had recorded a loss of $1.7 billion in Q2 2022 amid efforts to ramp up electric vehicle production and increase deliveries. The automaker’s losses for the second quarter of 2022 were more than double the $580 million it lost in the second quarter of 2021.
During a call with investors, Rivian CEO RJ Scaringe…
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Green Car Stocks
Los Angeles, CA
www.GreenCarStocks.com
415.949.5050 Office
[email protected]
Green Car Stocks is part of the InvestorBrandNetwork.
More News
Channel Islands fuel prices set to rise again
The increases could mean mean diesel costing more than £2 per litre.
US ban on Canadian alcohol and dairy comes into effect as trade war drags on
It is the latest escalation in the Canada-US trade war after negotiations collapsed in late August, with no word on when talks may resume.
US Hits Canada With Ban on Some Dairy and Liquor Products
An outright ban on certain Canadian products took effect Tuesday, escalating a damaging trade fight between the two North American allies.
For Japan’s Young Singles, Romance Gets a Corporate Middleman
A generation exhausted by dating apps is embracing a corporate reinvention of traditional matchmaking, fueling an industry that promises a fast track to marriage.
CNN, MS NOW and Politico Seek a Longer Reprieve From White House Ban
A federal court temporarily lifted the ban last week. The outlets want a longer pause while they sue to restore their access.
China and the U.S. Pledge to Cut Tariffs on $60 Billion in Goods
The two countries unveiled separate lists covering thousands of products as they sought to ease trade tensions and stabilize relations before further negotiations.
Smart Headlights Finally Trickle Down to Cars in the U.S.
Federal data shows that half of all traffic fatalities happen after dark, but only one-quarter of driving happens at night. So any help is welcome.
Women Sluggers Are No Longer in a League of Their Own
As a group of players from an all-women’s baseball league in the 1940s and ’50s gathered at a recent reunion, the future of women’s baseball looks bright again.
Why UK diesel prices have hit an all-time high
The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body.
UK diesel price hits all-time high, the RAC says
The US-Israel war with Iran has caused fuel prices to soar due to disruption of global oil supplies.
Nvidia Adds $150 Billion to Massive Stock Buyback, the Largest Ever
The increase comes four months after the chip giant added $80 billion to its buyback program, bringing the total remaining authorized amount to $235 billion.
Oil Prices Climb on Continued Impasse in U.S.-Iran Talks
President Trump rejected Iran’s proposal over the weekend, calling it “unacceptable,” but Iran said it was still waiting for “definitive news” from Washington.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.