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Rivian Cuts Full-Year Earnings Forecast

Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric-vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply-chain snags, high costs and economic volatility. Bloomberg’s Ed Ludlow reports.

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Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric-vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply-chain snags, high costs and economic volatility. Bloomberg’s Ed Ludlow reports.

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7 Comments

7 Comments

  1. Evans Ken

    August 12, 2022 at 7:24 pm

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  2. Mark Plott

    August 14, 2022 at 3:32 pm

    RIVIAN is a FLOP, it fails to EXECUTE , it fails to PRODUCE & ramp Production.
    in 1H 2022 TESLA model X OUTSOLD & Produced the RIVIAN.

  3. Bert Nier

    August 14, 2022 at 8:08 pm

    It is terrible to promote a personal vehicle that is 7173 pounds. Using this energy to move one person around is irresponsible. You are wasting your grand child resources faster then anybody else. We need lighter transportation and be more innovative to protect what we have. This vehicle is not an evolution if it is destroying our limited resource faster then what we have now. it will fail!

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Tech Leaders Approach Trump, Intel Seeks Altera Buyers | Bloomberg Technology

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Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable chip arm Altera.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.”
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Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.”
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