Rivian reduces 2026 spending plans, narrows earnings guidance

Rivian Automotive adjusted its financial guidance for the year, lowering capital expenditure projections and narrowing expected losses during second-quarter earnings disclosure. The company revised adjusted loss guidance to a range of $1.8 billion to $2 billion, compared with the previous forecast of $1.8 billion to $2.1 billion. Capital expenditure guidance was reduced to $1.7 billion to $1.8 billion from an earlier range of $1.95 billion to $2.05 billion, representing approximately $250 milli