Rivian's Cash Flow From Operations Spiraled Lower This Quarter | RIVN Stock

Rivian Automotive (RIVN), a newcomer to the electric vehicle (EV) scene, enjoyed a short-term rally after reporting Q1 results that looked rather grim on the surface. For instance, adjusted EBITDA worsened considerably to $(1.14) billion from $(396) million in the same quarter a year ago. Similarly, cash flow from operations spiraled lower to $(1.03) billion from $(362) million as Rivian ramped up production amid ongoing chip shortages and supply chain constraints. Can Rivian's earnings report get any better?

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