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Rivian cuts 2026 spending plans and narrows 2025 loss guidance
The EV maker also reported second-quarter results while making the adjustments to its outlook for spending and losses.
Rivian has reduced its planned spending for 2026 and slightly narrowed its previously forecast losses for this year, following the release of its second-quarter results, CNBC Markets reports.
The updated guidance reflects both the company’s revised spending plan and a modest change to its expectations for the level of losses it will report in the current year.
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