Rivian posted its Q1 2022 results and shareholder letter after market close showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), ending the quarter with nearly $17 billion in cash, largely from its massive IPO late last year.
Rivian announced it had produced 2,553 vehicles in Q1 of this year and delivered 1,227 of them. The company built 1,015 trucks in 2021, which means a total of 3,568 vehicles produced as of the end of Q1.