Rivian says it delivered nearly 1,000 electric trucks in 2021
Image: Rivian Rivian, the buzzy electric vehicle company backed by Ford and Amazon, delivered 909 vehicles to customers in the fourth quarter of 2021, the company said in its second earnings report since its historic IPO last year. The company says it has delivered a total of 920 vehicles in 2021.
Rivian said it brought in $55 million in revenue over the course of the year, almost all of which in the last three months. It recorded a net loss of $2.5 billion in the fourth quarter and a net loss of $4.5 billion for the year.
With supply chains constrained and the global chip shortage continuing to batter the auto industry, Rivian is maintaining a modest production schedule for 2022. In a shareholder letter, the company said it expects to produce only...