Rivian Automotive, an electric vehicle startup, partners with Volkswagen for $5B funding, despite a $1.4B Q2 loss.

Rivian Automotive, an electric vehicle startup, may be a risky yet promising investment option. Despite a $1.4 billion loss in Q2, it has implemented cost-cutting measures, reducing material costs by 35%. The company partnered with Volkswagen for up to $5 billion in funding, boosting production plans for its upcoming R2 and R3 models. While customer satisfaction is high, investing in Rivian carries risks, particularly for those without diversified portfolios.