Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter loss that was slightly narrower than Wall Street had expected.
Here are the key numbers from Rivian’s first-quarter earnings report:
- Loss per share: $1.43, narrower than Wall Street’s $1.44 consensus estimate per Refinitiv.
- Revenue: $95 million, versus $130.5 million per Refinitiv consensus estimates.
- Net loss: $1.59 billion.
- Vehicle reservations: Over 90,000.