Wheelin98TJ
Well-Known Member
- First Name
- Ryan
- Joined
- Jul 27, 2021
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- Devils Lake, MI
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- 2021 Jeep Gladiator
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- Bean Counter
I don't believe Rivian has ever generated positive EBITDA.It would be impossible to launch a new car brand/make and show profit per unit immediately.
You have to pay for the factory, the land it's on, all the people you hired.
Those Capex costs get amortized across production, which is why clickbait headlines say nonsense like "Rivian loses 30k on every truck it sells"
You don't stay in business losing money.
But you do have to pay back the start up costs.
So even without the depreciation and amortization on CapEx, they still aren't profitable.
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