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880 Rivian Sales Drop, Forecasts First Gross Profit

The Information
Scott Thurm @ The Information · 11/07/2024 17:14 EDT

Electric vehicle maker Rivian reported lower deliveries and a 35% decline in third-quarter revenue in part because of a shortage of a key part. The company’s quarterly loss declined from a year earlier because of lower expenses, and Rivian said it expects to post its first gross profit in the ...

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