EV maker Rivian narrows losses in Q1, beats on revenue

Rivian may still be burning through cash, but its managed to narrow losses and generate more revenue as the automaker sells more of its EVs while paring down costs.
Rivian reported Tuesday $661 million in revenue in the first quarter, a nearly seven-fold increase from the same period last year when it was plagued by supply constraints and production woes that curbed deliveries. The company’s Q1 revenue was fueled by 7,946 vehicle deliveries compared to the 1,227 vehicles it delivered to customers in the first quarter of 2022.
Revenue did dip, however, from the fourth quarter when Rivian

リンク元