secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001874178-24-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rivian Q2 revenue $1.16B, net loss $1.46B; announces $5B VW JV, reaffirms FY guidance
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- Revenue $1,158M; gross profit -$451M; net loss $1,457M ($1.46 EPS loss).
- Delivered 13,790 vehicles; produced 9,612 after plant retooling completion.
- Volkswagen Group JV up to $5B; initial $1B convertible note received; close expected Q4 2024.
- Reaffirmed all aspects of FY2024 guidance, including cost and volume targets.
- Ended Q2 with $7.87B cash; total liquidity $9.18B including revolver capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000054/0001874178-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000054/rivn-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001874178-24-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer