Rivian Automotive (NASDAQ:RIVN) reported Q2 earnings with revenue of $1.12 billion, beating the Street consensus estimate of $978.9 million. The company also reported an adjusted loss of $1.08 per share, better than the estimated loss of $1.41 per share. Operating expenses were down from $1 billion YoY, and the net loss was $1.29 billion, compared to $1.71 billion a year ago. Rivian produced 13,992 vehicles and delivered 12,640 in Q2, up 50% and 60% QoQ respectively. The company ended Q2 with $10.2 billion in cash and cash equivalents. Rivian is raising its full-year production guidance from 50,000 units to 52,000 units and expects a full-year adjusted EBITDA loss of $4.2 billion.