On top of Rivian's mounting debt and interest expense payments, Rivian's GAAP losses per quarter show no sign of ending. The VW deal is just not going to help much and will add more debt and interest expense. With a market cap of around $15 bill and these recurring quarterly losses, don't see how Rivian avoids bankruptcy... and yes... these are Rivian's quarterly... not "annual," losses: 1Q23 - $1.3 bill 2Q23 - $1.2 bill 3Q23 - $1.4 bill 4Q23 - $1.5 bill & full year '23 loss: $5.4 bill 1Q24 - $1.4 bill 2Q24 - $1.5 bill
On top of Rivian's mounting debt and interest expense payments, Rivian's GAAP losses per quarter show no sign of ending. The VW deal is just not going to help much and will add more debt and interest expense. With a market cap of around $15 bill and these recurring quarterly losses, don't see how Rivian avoids bankruptcy... and yes... these are Rivian's quarterly... not "annual," losses:
1Q23 - $1.3 bill
2Q23 - $1.2 bill
3Q23 - $1.4 bill
4Q23 - $1.5 bill & full year '23 loss: $5.4 bill
1Q24 - $1.4 bill
2Q24 - $1.5 bill