Rivian's Path To Profitability Gets Longer As Regulatory Changes Squeeze Margins
1. Rivian reported mixed Q2 results, revenue slightly beat estimates. 2. Adjusted loss was worse than expectations, highlighting profitability challenges. 3. Analysts cut price targets following a downgraded profitability outlook. 4. Software and services revenue increased, but gross margin significantly declined. 5. Rivian's delivery guidance remains unchanged despite broader concerns.