Tesla’s Rivian Loses $1.7 Billion In 4 Months

In 2009 in the USA “Tesla’s rival” and by both Amazon and Ford large amount of investment Rivian has been dealing with various problems since its inception. Once installed 12 years later finally their first electric car submitter Although the brand produces impressive vehicles from the outside, most of the vehicles sold He recalled the steering wheel on the grounds that it had come off..

It appears that Rivian has signed partnerships with Amazon and Mercedes-Benz. unable to prevent collapse. The financial reports published by the company the other day also confirm this.

Rivian is slowly losing blood

According to the report published by Rivian, the company will only make full progress in the third quarter of 2022. $1.7 billion lost. When we examine the reports, the main reasons for this loss are inflation, termination of certain purchase agreementsWe can see that this is due to increases in inventory and increased labor costs.

Although the company receives from its partners and investors, Raised $10.5 billion and from Amazon in total 200,000 vehicles The company’s reputation was seriously damaged by the fact that the first-released vehicles, although pre-ordered, did not meet the quality standards. On top of all these negativities, due to financial inadequacies Inability to allocate sufficient budget for R&D studies“Tesla’s rival” Rivian ”Tesla’s flash” position. In fact, many electric car lovers in the USA often make fun of Rivian on Reddit forums and brand the brand as “Electric dustbinHe shares posts describing it as ”.

Some experts in the automotive industry state that Rivian’s moves in 2023 will affect the fate of the brand. If Rivian doesn’t fix its problems soon, according to some sources, the company will can declare bankruptcy by the end of 2023 at the latest.