Rivian announced its financial results for the fourth quarter of 2021 and the full year, but the report was considered "unimpressive" by CNBC's Phil LeBeau.
The company reports $54 million in revenues in Q4 and $55 million in 2021, with a negative gross profit of respectively $383 million and $465 million due to very low volumes of production during the ramp-up phase.
The overall net loss for Q4 amounted to $2.5 billion, while for 2021 it's $4.7 billion (compared to over $1 billion in 2020).
