Rivian vehicle deliveries surge approximately 58%, but automotive segment losses widen
RIVN Rivian Automotive Inc
$13.70 -2.21%
View chart & analysis → - 1Rivian's third-quarter vehicle deliveries of 19,248 units recorded an increase of approximately 58% compared to the second quarter.
- 2Rivian's third-quarter software and services segment gross profit of $256 million increased from $215 million in the second quarter.
- 3Rivian's automotive segment gross loss widened from $36 million in the second quarter to $80 million in the third quarter.
So what's the key point?
Rivian sold 58% more cars in the third quarter. However, the amount of money lost during the car manufacturing process increased.
Source The Motley Fool +1 · View original ↗
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