Rivian yesterday announced its financial results during the first quarter of 2022, as well as the production rate and the number of vehicle preorders.
While the net loss of $1.6 billion is huge, the company says that in big part, it's related to the low volume production of the three first models (R1T pickup, R1S SUV and EDV 700 vans for Amazon), which are still in the early ramp-up phase.
