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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)

submitted 1 day ago* (last edited 16 hours ago) by Davriellelouna@lemmy.world to c/technology@lemmy.world

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[–] antlion@lemmy.dbzer0.com 2 points 13 hours ago

Rivian’s financial statements provide insight into its per-unit losses, though calculating an exact figure requires analyzing multiple variables. The company’s cost of goods sold (COGS), which includes direct production expenses, regularly exceeds revenue, leading to negative gross margins. According to its latest SEC filings, Rivian reported a gross loss per vehicle of approximately $39,000 in 2023, though this figure fluctuates based on production volume and operational efficiencies.

Not exactly a number they put in a press release, but as a publicly traded company it is published quarterly.