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Rivian Cuts Workforce By 10%, Doesn’t Expect To Sell More EVs This Year

Carscoops

Rivian also projected an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 According to Reuters , analysts had anticipated the brand to manufacture over 81,000 vehicles in 2023. billion this year, partly attributed to the impact of historically high interest rates.

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Why are you in business anyway?

Canadian Auto Dealer

In many ways, the calculation of operating cash flow closely represents EBITDA (Earnings Before Interest Taxes Depreciation & Amortization). Think about it, if you can’t generate cash by selling and servicing cars, then why are you even turning on the lights each morning? Isn’t that the reason people get into business anyway?