Rivian Automotive shares fall 5.84% premarket after reporting higher-than-expected quarterly loss and supply chain disruptions.

Rivian Automotive, Inc. fell 5.84% in premarket trading. The decline can be attributed to the company reporting a higher-than-expected quarterly loss due to supply chain disruptions and increased costs from rare earth metals. Additionally, the company's revenue growth and equity investment from Volkswagen Group did not offset the negative impact of these challenges.