BUZZ-Rivian, Lucid shares fall after Q2 results

Reuters
Aug 06
BUZZ-<a href="https://laohu8.com/S/RIVN">Rivian</a>, <a href="https://laohu8.com/S/LCID">Lucid</a> shares fall after <a href="https://laohu8.com/S/QTWO">Q2</a> results

** Shares of Rivian Automotive RIVN.O and Lucid LCID.O fall more than 5% after the bell

** Rivian posts bigger-than-expected loss on higher costs, lower credit income

** RIVN reports Q2 adjusted loss per share of 80 cents vs. analysts' average estimate of 65 cents, according to data compiled by LSEG

** RIVN also flags bigger adjusted core loss this year, between $2 billion and $2.25 billion, vs. $1.7 billion to $1.9 billion prior forecast

** Lucid cuts annual production forecast as global trade tensions sting

** LCID expects to make between 18,000 and 20,000 vehicles in 2025, vs. prior forecast of 20,000 vehicles

** LCID posts Q2 revenue of $259.4 million, missing estimates of $279.9 million

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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