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Thursday, December 16, 2021

-=Rivian Automotive (RIVN) reported earnings on Thur 16 Dec 21 (a/h)


Rivian Automotive misses by $0.84, reports 71K net preorders of R1 in U.S. and Canada
  • Reports Q3 (Sep) adjusted net loss of $(776) mln, which translates into a loss of $(7.68) per share when using weighted average common shares outstanding of 101 mln, $0.84 worse than the S&P Capital IQ Consensus of ($6.84).
  • Reports revenue of $1.0 mln.
  • 71,000 R1 net preorders in the U.S. and Canada as of December 15, 2021.
  • 100K initial order from Amazon (AMZN).
  • Planned annual capacity of ~200K units for its Normal, IL factory; ~400K estimated annual capacity planned for Georgia facility.

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