On this news, rivian's stock price fell $3.94 per share, or 25.6%, to close at $11.45 per share on february 22, 2024. In its last four reported quarters, rivian reduced its gross loss per unit by roughly $81,000.
Rivian’s 37% loss margin per vehicle is lower than q1, where it was losing nearly double that amount ($67,329) on every vehicle it sold. Electric vehicle (ev) maker rivian automotive inc.
Although Still High, That Number Is Down From $139,277 A Year Ago.
Although $43k is still a significant loss, it’s down from the +$124k loss per vehicle in q4 2022.
While Rivian Lost Over $32,500 Per Vehicle In Q2, In Q1 It Was Losing $67,329 Per Vehicle, And $124,162 Per Vehicle In The Quarter Before That.
The ev maker is shutting down its manufacturing plant in the second quarter to.
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Rivian Reported A Net Loss Of $5.4Bn In 2023, Improving From A $6.8Bn Loss A Year Earlier.
In the first three months of the year, rivian lost $38,784 per ev built, an improvement of over $100,000.
Rivian Expected Deliveries To Fall About 10% To 15% From Q4, But They Were Only Down 3%.
It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of.
