Rivian's full-year revenue was $4.434 billion and its loss was $5.432 billion

Rivian announced its full-year financial report for 2023, with full-year revenue of US$4.434 billion, a year-on-year increase of 167%, but a loss of US$5.432 billion. In order to cope with the severe market situation, Rivian announced that it would lay off 10% of its employees.