Rivian Automotive Inc (RIVN) PT Lowered to $18 at Needham

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Rivian Releases Second Quarter 2024 Financial Results

August 6, 2024 4:05 PM EDT

Company reaffirms all aspects of guidance for the year Announced technology joint venture with Volkswagen Group with a total deal size of up to $5 billion

IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) today announced its second quarter 2024 financial results, reaffirming all aspects of guidance for the year. During the second quarter, the company made significant progress driving greater cost efficiency, improving its products, further strengthening its balance sheet, validating the differentiated nature of its technology stack, and... More