An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected.
Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-chain disruptions and other problems continued to plague its assembly line.
Rivian
RIVN,
said late Thursday it lost $2.46 billion, or $4.83 a share, in the quarter, compared with a loss of $353 million, or $3.50 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $2.43 a share.
Revenue reached $54 million, thanks to the sale of 909 vehicles in the quarter, from no revenue a year ago, the company said. For full-year 2021, revenue reached $55 million on sales of 920 vehicles, Rivian said.
FactSet consensus called for a loss of $1.88 a share on sales of $60.5 million.
“Not surprisingly our…
