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Search resuls for: "Akash Sriram Paul Lienert"


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[1/2] Employees work on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. REUTERS/Kamil Krzaczynski/File PhotoNov 9 (Reuters) - Rivian Automotive Inc (RIVN.O) missed Wall Street estimates for third-quarter revenue, but shares rose after hours as the electric-vehicle maker reported a smaller-than-expected loss, reaffirmed its full-year production outlook and reported a higher number of preorders. The automaker ended the third quarter with $13.8 billion in cash, down from $15.9 billion at the end of the second quarter. EV maker Lucid (LCID.O) on Tuesday reported a $670 million loss for the third quarter and said its order bank had dropped since the second quarter. The company's quarterly net loss widened to $1.72 billion compared with a $1.23 billion loss a year earlier.
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