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Rivian Cuts Workforce By 10%, Doesn’t Expect To Sell More EVs This Year

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Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 The carmaker will therefore have to rely on sales of the R1S and R1T to keep funds rolling in for the next two years or so and is unlikely to experience a large increase in production until the R2 arrives. state of Georgia.