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EV Makers Are Losing over Six-Figures per Car

3 pointsby t23over 2 years ago

1 comment

ZeroGravitasover 2 years ago
&gt; According to Rivian’s most recent SEC filings, the company’s third-quarter costs jumped from $83 million in 2021 to nearly $1.5 billion in 2022. That’s an absurd jump in costs, but not an unbelievable one — lithium prices have blown up like an earthbound asteroid.<p>Rivian delivered 920 vehicles in full year 2021 ,7,000 in Q3 of 2022, so that seems about right and unlikely much to with lithium prices.