Rivian reaffirms 2023 production target of 50K vehicles; cash at ~$12B

Rivian Automotive, Inc. / DE

2023-Q1 EPS reported -$1.45 revenue$661,000,000

~35K vehicles produced since start of production as of March 31, 2023.
200M+ miles driven by Rivian vehicles; 500+ cities where EDVs deliver.
IIHS TOP SAFETY PICK+ for both R1S and R1T.
Cash, cash equivalents, and restricted cash ~$12B as of March 31, 2023.
2023 production target of 50K vehicles reaffirmed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rivian Automotive, Inc. / DE updated its the first quarter ended March 31, 2023 guidance (reaffirmed).

Period: the first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 9, 2023 , Rivian Automotive, Inc. (the “Company”) announced its financial results for the first quarter ended March 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001874178-23-000027

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