Tesla Rival Rivian Reports Steep Loss Of About $40K Per EV In Q3 As Deliveries Hit Lowest Since Q1 2023

Quick Summary:

EV company Rivian Automotive (NASDAQ:RIVN) reported a gross loss per unit delivered in the third quarter of $39,130, following a drop in deliveries in the three months through the end of September.

What Happened: Rivian delivered 10,018 electric vehicles in the third quarter, the lowest number of quarterly deliveries since the first quarter of 2023.

Gross loss per unit delivered subsequently rose to $39,130, marking a significant increase from the $32,705 loss per unit delivered reported in the second quarter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: EVs News Mobility Electric vehicles RIVN Benzinga Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 09:19:11 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23512078

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 16 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions