Rivian finally shows it can actually sell cars for more than the price it costs to build them
- Rivian reported its first quarterly gross profit of $170 million in Q4 2024, marking a significant improvement from a gross loss of $606 million in the previous year.
- The company's net loss reduced from $5.7 billion in 2023 to $4.7 billion in 2024, indicating financial progress.
9 Articles
9 Articles
Rivian's Electrifying Leap: The Surprising Surge Shaking Up the EV World!
Rivian’s stock price surged by 24.5%, closing at $16.49, demonstrating the company’s growing influence in the electric vehicle market. Rivian distinguishes itself with innovative designs, strong off-road capabilities, and a focus on sustainability in its R1T and R1S models. The company exceeded expectations with a fourth-quarter delivery of 14,183 vehicles, significantly boosting investor confidence. Rivian vehicles cater to diverse needs with p…
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