Rivian says it delivered nearly 1,000 electric trucks in 2021

Image: Rivian

Rivian, the buzzy electric vehicle company backed by Ford and Amazon, delivered 909 vehicles to customers in the fourth quarter of 2021, the company said in its second earnings report since its historic IPO last year. The company says it has delivered a total of 920 vehicles in 2021.

Rivian reported a negative gross profit of $383 million over the last three months and $465 million over the course of the whole year. Revenues were $55 million in 2021, and the company said it recorded a net loss of $2.5 billion in the fourth quarter.

“the supply chain will be a fundamental limiting factor in our total output”

With supply chains constrained and the global chip shortage continuing to batter the auto industry, Rivian is maintaining a modest...