$Rivian Automotive (RIVN.US)$ Rivian reported its first fina...
$Rivian Automotive (RIVN.US)$ Rivian reported its first financial results as a public company. Rivian reported third-quarter revenue of about $1 million, in line with expectations; Net loss was $1.23 billion and$12.21 per share.
The operating loss was $776 million, compared with the previous estimate of an operating loss of $745 million to $795 million.
Rivian expects production to fall a few hundred cars short of its 2021 production target of 1,200.
The operating loss was $776 million, compared with the previous estimate of an operating loss of $745 million to $795 million.
Rivian expects production to fall a few hundred cars short of its 2021 production target of 1,200.
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