– Rivian, the electric vehicle maker, reported a $1.46 billion loss for Q2 2024. – The company is pushing aggressively toward its future with Volkswagen (VW).
– Rivian’s Q2 losses were higher than expected, highlighting ongoing financial challenges. – Despite losses, Rivian is investing heavily in scaling production and expanding its EV lineup. –
– The collaboration with VW aims to leverage shared technology and infrastructure to boost Rivian’s market position. – Rivian’s long-term strategy focuses on achieving profitability through growth and strategic partnerships.