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Rivian's first-quarter financial report has highlighted impressive results, with revenues reaching $1.24 billion, surpassing the anticipated $1.01 billion. Additionally, the loss per share was reported at $0.41, significantly better than the expected $0.76. During this quarter, Rivian successfully delivered 8,640 electric vehicles. However, due to factors such as tariffs, the company has revised its full-year electric vehicle delivery forecast downward to a range of 40,000 to 46,000 units. Concurrently, Rivian has increased its capital expenditure forecast to between $1.6 billion and $1.7 billion (Note: This range has been adjusted from the originally projected $1.8 billion to $1.9 billion, based on the latest information). Despite these adjustments, the company remains steadfast in maintaining its profit expectations.
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