wp-plugin-hostgator
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/8\/11\/23301444\/rivian-q2-2022-earnings-ev-r1t-r1s<\/a> Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue. It\u2019s a sign that Rivian\u2019s nascent EV business is picking up speed, albeit slowly compared to the previous quarter in which Rivian reported a net loss of $1.59 billion<\/a> based on $95 million in revenue. Still, the company beat Wall Street expectations for revenue by about $26 million. <\/p>\n The earnings report was also an indication that Rivian still has a ways to go before it can deliver on its promise to upend the auto industry with beautifully designed, emissions-free, adventure-themed trucks and SUVs. The automaker said it expects to burn through $700 million in additional cash before the end of the year. <\/p>\n The earnings report comes on the heels of a positive production update<\/a> in which Rivian said it made 4,401 vehicles during the three-month period, a 72 percent increase over the previous quarter, and delivered 4,467 vehicles, a 267 percent increase. The company didn\u2019t provide a breakdown between R1T trucks<\/a> and its electric delivery van<\/a> (EDV) that is being built for Amazon. (Deliveries of the R1S SUV<\/a> were delayed until later this year.)<\/p>\n
\n
<\/br><\/code><\/p>\n