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Comment on Why Americans Can’t Buy the World’s Best Electric Car

antlion@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago

Rivian is losing about $30k per vehicle, but with much lower production numbers.

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CameronDev@programming.dev ⁨1⁩ ⁨week⁩ ago
Thats crazy. Are those public numbers from rivian?

source
- antlion@lemmy.dbzer0.com ⁨6⁩ ⁨days⁩ ago
  
  Rivian’s financial statements provide insight into its per-unit losses, though calculating an exact figure requires analyzing multiple variables. The company’s cost of goods sold (COGS), which includes direct production expenses, regularly exceeds revenue, leading to negative gross margins. According to its latest SEC filings, Rivian reported a gross loss per vehicle of approximately $39,000 in 2023, though this figure fluctuates based on production volume and operational efficiencies.
  
  Not exactly a number they put in a press release, but as a publicly traded company it is published quarterly.
  
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