Rivian Tops Q1 Earnings Views, Signals The Autonomy Arms Race With Tesla May Be Heating Up

Rivian (RIVN) announced Tuesday better-than-expected first-quarter results and a second consecutive quarter with gross profit per vehicle delivered. The EV also tweaked its 2025 guidance in response to President Donald Trump’s tariffs. RIVN stock declined slightly at the open to Wednesday’s stock market. The EV startup reported a net loss of 41 cents per share, down from a loss of…