Rivian Most Loss Making Co in US History (Patreon)

Rivian reported cumulative losses since inception of 23,305 million as of December 2024. We are not aware of any company in the U.S. with a larger balance sheet loss (not even close).

They lose over $40,000 on every car they sell and sales have dried up as the Cybertruck has eaten their lunch. Far more car and it drives itself for equivalent money.

FINANCIALS

Complete horror show - anyone that gives them money needs their head examined. Debt about to exceed cash and they lose a fortune each year... now growth slowing fast. Rivian's CEO, RJ Scaringe, reaffirmed the company's goal of achieving profitability by the end of 2024 multiple times throughout the year. Not even remotely in the same universe.

THE RIVN LIFELINE

The Biden Admin gave them a $6.6 billion loan from the U.S. Department of Energy (DOE), announced in November 2024 and finalized in January 2025, was intended to revive Rivian’s stalled factory project in Georgia. This facility, meant to produce the more affordable R2 and R3 models (starting at $45,000), is critical to Rivian’s long-term growth. However that could be revoked under the current admin.

I am not ready so short yet... but if it spikes I will. I am not anti RIVN, they are the best US EV maker after Tesla... but they have no path to Autonomy.