I was expecting this quarters

2023-08-11

I was expecting this quarters loss to be much worse. A lot of people (like me) took delivery at a price that was locked in before the price hike over a year ago. I am wondering if the margins on the Amazon delivery vehicles might be better and if this might be how they were able to offset the losses on the R1 vehicles? Anyways I think this is a very encouraging result, particularly as they work their way through the last of the early pre-order customers, and as the more cost-effective power trains enter the market. I now think they will make it. $Rivian Automotive, Inc.(RIVN)$

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