Rivian (RIVN) Q1 2022 results – $1.5b loss, 10k new orders, reaffirms 25k production guidance
May 12, 2022
Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year.
Rivian also reaffirmed 2022 annual guidance, expecting…
