Rivian, Lucid shares fall after Q2 results

Shares of Rivian Automotive RIVN.O and Lucid LCID.O fall more than 5% after the bell

Rivian posts bigger-than-expected loss on higher costs, lower credit income

RIVN reports Q2 adjusted loss per share of 80 cents vs. analysts' average estimate of 65 cents, according to data compiled by LSEG

RIVN also flags bigger adjusted core loss this year, between $2 billion and $2.25 billion, vs. $1.7 billion to $1.9 billion prior forecast

Lucid cuts annual production forecast as global trade tensions sting

LCID expects to make between 18,000 and 20,000 vehicles in 2025, vs. prior forecast of 20,000 vehicles

LCID posts Q2 revenue of $259.4 million, missing estimates of $279.9 million