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Rivian CEO RJ ScaringeTechCrunch
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71% Informative
The company announced Tuesday that it lost $1.46 billion in the second quarter of 2024 .
The loss was nearly $300 million worse than last year .
Rivian has begun shipping revamped versions of the R1 that are simpler and cheaper to make.
The company's balance of cash and cash equivalents was $5.76 billion at the end of the quarter , including the first $1 billion from VW .
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