Rivian reports more losses in the second quarter of 2022
Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue.
https://www.theverge.com/2022/8/11/23301444/rivian-q2-2022-earnings-ev-r1t-r1s
They have vehicle that are on the road. Successfully so. How can that be trash?
Ford pulled out months ago. Amazon backs every startup so thats nothing to be proud of. I called it months ago this company is the next Delorean/Fisker Karma. Pure trash
its a new company in a growing market. they will likely not expect to be even after EBIT.