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EV Makers Are Losing over Six-Figures per Car
- ZeroGravitas 4y ago> According to Rivian’s most recent SEC filings, the company’s third-quarter costs jumped from $83 million in 2021 to nearly $1.5 billion in 2022. That’s an absurd jump in costs, but not an unbelievable one — lithium prices have blown up like an earthbound asteroid. Rivian delivered 920 vehicles in full year 2021 ,7,000 in Q3 of 2022, so that seems about right and unlikely much to with lithium prices.