Rivian earnings beat, boosts production outlook

Rivian (RIVN) reported second quarter results that topped analyst estimates on both the top and bottom line. Rivian reported an adjusted loss of $1.08 per share, which is less than the $1.37 analysts were expecting. Revenue of $1.12 billion topped the expectation of $1.01 billion. The company also raised its production outlook to 52,000 vehicles, up from 50,000. Yahoo Finance Live breaks down the report.