) posted a wider-than-expected loss in the first quarter. The EV maker reported an adjusted loss of $1.24 per share, which was more than the $1.15 loss analysts were expecting. Revenue of $1.20 billion was in line with expectations of $1.18 billion.IRVINE, Calif., May 07, 2024--Rivian Automotive, Inc. today announced its first quarter 2024 financial results.
Apple may form a potential partnership with Rivian to move into the EV space, according to a report from DigiTimes. This comes after Apple has poured billions into its self-driving vehicle technology. Shares of Lucid are sliding as the company posted its first quarter report, which beat expectations with revenue on the top and bottom lines. However, the company posted a loss on its adjusted EBITDA, at $598.4 million against expectations of $505.1 million.
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