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How does this company — or any company, for that matter — continue operating in the long term with that much significant (i.e. 1B) gross loss?
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> Revenue: 663 > Cost of Revenues: 1,663 > Gross Profit: (1,000)
Operating Expenses (Totals 795):
> R&D: 402 > Selling, general, administrative: 393
Loss from Operations: (1,795)
Interest income: 99
Interest expense: 33
Other net income: 6
Loss before taxes: (1,723)
Remember, all of these are in millions. So Rivian managed to lose 1.7 billion dollars in 3 months. That comes out to nearly 19 million dollars lost every single day.
How does this company — or any company, for that matter — continue operating in the long term with that much significant (i.e. 1B) gross loss?
How does this company — or any company, for that matter — continue operating in the long term with that much significant (i.e. 1B) gross loss?
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It'd be far worse to have scheduled bus routes and train tracks cutting across the vast wilderness than the occasional electric vehicle cruising through.
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Rivian is making "lifestyle vehicles", pick-ups and SUVs that are off-road capable, but are not not work trucks. There is no public transit out in much of these areas.
They also make Amazon delivery vehicles, so you can't expect Amazon deliveries to be made via public transport.