Rivian's production guidance has increased following the release of the Q2 2023 earnings report.

While the company was able to put up a better-than-expected revenue, it was also able to put up smaller losses in EPS than analysts estimated.

The change may allow Rivian to find additional partners for its EV delivery trucks.

The company plans to sell convertible notes as a way to help raise money for the launch of its R2 vehicles.

Rivian will lay off a chunk of its workforce to "conserve cash."

The company fell short of revenue expectations, but remains on track to meet its goal of 25,000 vehicles produced in 2022.