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Rivian Reported A Smaller-Than-Expected Q3 Loss
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Rivian posted a smaller Q3 loss than expected and grew revenue 78% year over year on 13,000+ EV deliveries, helped by buyers rushing to secure expiring tax credits. The company cut per-vehicle costs by nearly $19,000, while warning that tariffs and reduced incentives will pressure margins. CEO RJ Scaringe said the upcoming R2 midsize SUV remains Rivian’s core focus.
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