Tesla rival trims spending plans despite revenue beat
Reported by Yahoo Finance · finance.yahoo.com · August 3, 2026
Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For ...
What the tape says
What to watch: Tesla Inc. (TSLA, RIVN) beat estimates by roughly 80% — check whether the reaction already prices in the surprise before chasing it.
Market reaction today: $TSLA -3.83%
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