Locator: 47161EVS.
Sort of reminds me of the old adage: "He's out standing in his field."
Selling more (revenue) and losing more. What's wrong with that picture?
From the linked article:
Rivian announced a loss of $1.24 per share in the first quarter, down from a $1.25 loss a year ago, while revenue increased more than 80% to $1.204 billion. Analysts predicted a loss of $1.15 per share in Q1 with sales totaling $1.17 billion.
Meanwhile, Rivian ended Q1 with $7.858 billion in cash, cash equivalents, and short-term investments. Rivian ended Q4 with around $9 billion in cash.
Rivian also lost $38,784 per vehicle delivered in Q1.
"First-quarter results exceeded our outlook ...." -- CEO.
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