Rivian’s Giant Cash Burn Expected To Continue Through At Least 2023

After the market close on Tuesday, Rivian Automotive, Inc. (NASDAQ: RIVN) reported disappointing fourth quarter 2022 results and, more importantly, underwhelming 2023 vehicle production and cash flow guidance. The company reported 4Q 2022 adjusted EBITDA and free cash flow of negative US$1.45 billion and negative US$1.74 billion, respectively. Free cash flow is defined as operating cash flow less capital expenditures. For … Continue reading Rivian’s Giant Cash Burn Expected To Continue Through At Least 2023