3 ms·
> how strong is Rivian financially? I'm no expert on balance sheets and income statements, but with 2022 cash ending $11.5 billion and 2023 ending $7.9 billion
by reducesuffering 3y ago
> how strong is Rivian financially?
I'm no expert on balance sheets and income statements, but with 2022 cash ending $11.5 billion and 2023 ending $7.9 billion, and losing 33% car value every time they sell a car (COGS + Depreciation at 133%). Their 2023 Operating Income was losing $5.4 billion, yikes. It doesn't look great.
Fisker also is currently going bankrupt, but I'm sure they were extra poorly run.
- next_xibalba 3y agoEven after financing activities they’re negative on statement of cash flows. For the last five quarters. Does not look good.