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. $Rivian Automotive, Inc.(RIVN)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
