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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 The carmaker will therefore have to rely on sales of the R1S and R1T to keep funds rolling in for the next two years or so and is unlikely to experience a large increase in production until the R2 arrives. state of Georgia.

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Why are you in business anyway?

Canadian Auto Dealer

While selling is critical, it is far more important to translate those sales into actual cash that you can use to run your business. In many ways, the calculation of operating cash flow closely represents EBITDA (Earnings Before Interest Taxes Depreciation & Amortization). Isn’t that the reason people get into business anyway?