Rivian loses $1.45 billion as cost-cutting measures continue

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, the company announced Tuesday. The Q1 revenue figure […] © 2024 TechCrunch. All rights reserved. For personal use only....