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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