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Rivian loses $1.45 billion as cost-cutting measures continue

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its

By: techcrunch.com

May 08 2024
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Rivian loses $1.45 billion as cost-cutting measures continue — Rivian loses $1.45 billion as

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, according to its first-quarter earnings report that was […]