Reported 1 day ago
Rivian announced a gross profit of $170 million for Q4 2024, attributed to improved variable costs and revenue per unit. The company expects its adjusted EBITDA loss for 2025 to be between $1.7 billion and $1.9 billion, and plans for 46,000 to 51,000 vehicle deliveries. Rivian's fourth quarter revenue reached $1.73 billion, surpassing expectations, while the adjusted loss per share was $0.46. They also secured a conditional commitment for a $6.6 billion DOE loan to support future growth.
Source: YAHOO