The EV maker had $12.1 billion on hand as of the end of 2022, enough to fund its operations through 2025.
The EV maker had $12.1 billion on hand as of the end of 2022.
Earnings reports from Rivian and fellow EV maker Lucid revealed concerns around demand for electric vehicles.The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022.plans to raise $1.3 billion in cash via a sale of convertible notes, joining a growing list of EV makers scrambling to hoard cash as demand falters.
Rivian isn't in an urgent cash crunch, at least not yet. The EV maker had $12.1 billion on hand as of the end of 2022, it said during its
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