STOCKHOLDERS' EQUITY AND NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity And Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The

following table presents the number of potential shares of common stock outstanding as of the end of each period that were excluded from the computation of diluted net loss per share for each period (in millions):

	Three and Six Months Ended June 30,
	2023	2024
Green Convertible Notes	75	149
2026 Convertible Note	—	83
Stock warrants	12	12
Stock options	61	62
RSUs, ESPP, and other stock-based awards	74	86
Total	222	392

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share is as follows (in millions, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2024		2023		2024
Numerator
Net loss attributable to Rivian	$	(1,195)	$	(1,457)	$	(2,544)	$	(2,903)
Net loss attributable to common stockholders, basic and diluted	$	(1,195)	$	(1,457)	$	(2,544)	$	(2,903)
Denominator
Weighted-average Class A and Class B common shares outstanding - basic	942		1,001		937		990
Effect of dilutive securities	—		—		—		—
Weighted-average Class A and Class B common shares outstanding - diluted	942		1,001		937		990
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(1.27)	$	(1.46)	$	(2.72)	$	(2.93)