Rivian, the buzzy electric car firm funded by Ford and Amazon, posted a net loss of $1.71 billion on $364 million in sales in the second quarter of 2022. It’s a hint that Rivian’s fledgling EV business is gaining traction, although slowly, compared to the previous quarter when the company recorded a net loss of $1.59 billion on sales of $95 million. Nonetheless, the business exceeded Wall Street sales projections by around $26 million.
