Although $43k is still a significant loss, it’s down from the +$124k loss per vehicle in q4 2022. Although still high, that number is down from.
21 that it lost more than $43,000 per vehicle on $1.3 billion of revenue in the fourth quarter and guided that it. The ev maker reported a net loss of $1.3 billion in the third quarter, with around a $30,500 loss per vehicle.
Electric Vehicle (Ev) Maker Rivian Automotive Inc.
Rivian generated negative gross profit of $ (527) million for the first quarter of 2024 as compared to $ (535) million for the first quarter of 2023.
Based On Scaringe’s Comments, The Results.
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.
Images References :
Rivian’s Net Loss For The First Quarter Of 2024 Was $(1,446) Million As Compared To $(1,349) Million For The Same Period Last Year.
Rivian expected deliveries to fall about 10% to 15% from q4, but they were only down 3%.
Assuming Revenue Per Unit Sold Of $45,000.
In q1 2024 rivian’s revenue per unit sold was approximately $88,300.