Rivian stock

I'm so steeped in the BEV (Battery Electric Vehicle) story that I forget that there are a lot of investors for whom an electric car might as well be a vehicle ...

E-commerce giant Amazon joined Detroit-based automaker Ford in reporting significant losses from an investment in electric vehicle startup Rivian, ...

“We have incurred net losses since our inception, including net losses of $0.4 billion, $1.0 billion, and $4.7 billion for the years ended December 31, 2019, 2020, and 2021, respectively,” Rivian said in the filing. Scaringe also said recently he believes some suppliers are holding out on Rivian, as it is a young and relatively unproven company. “We believe that we will continue to incur operating and net losses in the future while we grow, including following our initial generation of revenues from the sale of our vehicles, which began with the R1T in September 2021 and the R1S and EDV in December 2021. Amazon has stood by Rivian for several years, investing billions in the company and even ordering 100,000 electric delivery vans from the automaker in 2019. Rivian has started delivering the vans to Amazon, as well as R1T pickups and R1S SUVs, it said last quarter. Currently trading at around $31.77, Rivian’s losses come as the automaker struggles to ramp its vehicles during supply chain shortages.

Rivian's recent stock performance may have burned a hole in many a retail investor portfolio. It's also burned a big hole in Ford, and now Amazon's, ...

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E-commerce giant Amazon and automaker Ford both have stakes in a company that is becoming a financial headache.

"Our initial deliveries for the R1T and R1S were delayed, and our production ramp is taking longer than originally expected due to a number of reasons," Rivian said early April. Another point: Companies in their earnings reports must update the fair values of the securities they hold. No surprise, then, that the shares of Amazon and Ford have also been hit. The market capitalization at Rivian has shrunk by $63.4 billion, to $28.2 billion, in this four-month period. Rivian was founded in 2009 and went public in 2021. J.P Morgan analyst Ryan Brinkman asked Farley during the earnings' call. The industry points to several factors, but in particular auto-supply chains remain messy. Amazon, which is forever building out its logistics network, wants to make sure it stays ahead in the race for fast product delivery. "A net loss of $3.1 billion was primarily attributable to a mark-to-market loss of $5.4 billion on the company’s investment in Rivian. Adjusted earnings before interest and taxes were $2.3 billion," Ford said. "Are you maybe more inclined to retain some or all of the stake given the recent decline in Rivian shares?" Ford, for its part, posted a net loss of $3.1 billion from January to March. In the first three months of 2021, the maker of the hugely popular F-150 pickup had posted net income of $2.3 billion. Amazon owned 17.74% of Rivian as of Dec. 31 and Ford owned 11.42%, according to documents filed with the Securities and Exchange Commission.