Rivian Lost $2.4 Billion in Fourth Quarter 2021
Posted on 03/11/2022
Rivian Automotive, Inc. (ticker: RIVN) is an American electric vehicle automaker and automotive technology company founded in 2009. Rivian reported a wider loss from fewer sales than expected for the fourth quarter of 2021. Rivian told investors it plans to make about 25,000 vehicles this year and they plan to lose money making those vehicles. Rivian has approximately 83,000 EV truck reservations and an order for 100,000 delivery vans from Amazon.com.
The EV company posted a loss of US$ 2.4 billion for the fourth quarter of 2021.
Major shareholders of Rivian include Amazon.com, Inc., T. Rowe Price Associates Inc., Coatue Management, LLC, BlackRock, Inc., and FMR LLC. Soros Fund Management LLC is an investor in Rivian shares.
Keywords: Soros Family Office.
