RIVN Stock Slides Toward Biggest Monthly Drop Since January – Wall Street Flags Profitability Challenges Despite Q2 Beat

Rivian (RIVN) stock slid toward its biggest monthly drop since January.

Wall Street flags profitability challenges despite Rivian's Q2 beat.

Wells Fargo sees limited operating leverage for Rivian.

Adjusted EBITDA is expected to stay roughly flat even as deliveries are projected to double.