this post was submitted on 25 Jun 2024
34 points (97.2% liked)
Automotive Industry
396 readers
20 users here now
News and discussion about the automotive industry.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I don’t think that includes things like the Amazon delivery vans that Rivian produces. Since they aren’t really sold in the same way.
I think that has been a big part of their revenue/investment so far.
From mid 2023:
— https://www.investopedia.com/rivian-reduces-per-unit-losses-on-the-road-to-profitability-7574456
Thanks for digging this up.
It would make sense if at least the vans would make some profit, otherwise it looks like madness (kinda still does to me) to spend this much money on getting into an industry that is actually imo not that attractive.
Even with the switch from combustion to EV, car manufacturing is still a capital intensive and low margin business. And they don't seem to go for the potential jackpot that is autonomous driving