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EV manufacturer Rivian turns gross quarterly profit for the first time

Rivian Automotive reported its first gross quarterly profit of $170 million in the fourth quarter of 2024, according to the company's reports.
For 2025, Rivian forecasts sales between 46,000 and 51,000 units, down from 51,579 units delivered in 2024, as noted in their shareholder letter.
Rivian predicted adjusted losses of $1.7 billion to $1.9 billion for 2025, a decrease from a $2.69 billion loss in 2024, according to their earnings report.
The company cited potential challenges for 2025 due to external factors like government policy changes and demand environment concerns in their shareholder letter.

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247wallst.com

5 Key Takeaways Rivian Investors Shouldn't Ignore

Rivian (NASDAQ: RIVN) delivered its Q4 2024 earnings report on yesterday, and while the electric vehicle (EV) market faces headwinds, the company offered plenty of reasons for optimism. From finally hitting positive gross profits to its hyped midsize SUV launch, here are five positives from Rivian that investors should be following closely on the road ahead. Key Points Rivian hits positive gross profit, cutting costs by $31,000 per vehicle. R…

10 hours ago·New York, United States

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The Business Journals

EV manufacturer Rivian turns gross quarterly profit for the first time

The California-based electric vehicle maker intends to complete its $5 billion plant in Georgia, despite having faced hurdles in doing so.

1 day ago·United States

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Financial Times

Electric-vehicle maker Rivian posts first gross profit as costs ease

Group expects to produce fewer trucks and vans this year as demand cools and Donald Trump hits out at EV sector

1 day ago·London, United Kingdom

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OC Register

Rivian records first gross profit as EV policy risks loom

The Irvine-based company's fourth quarter result easily topped the $32 million expected by Wall Street.

1 day ago·Orange County, United States

Rivian sees jump in revenue amid questions over $6.6B federal loan

The improved revenues and trimmed losses cap off a 2024 that could redefine Rivian’s long-term future and its planned $5 billion factory an hour east

1 day ago·Atlanta, United States

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Investor's Business Daily

Rivian Stock Wavers On Earnings Beat — And 1 Billion Amazon Deliveries

The Rivian earnings report showed less-than-feared losses helped by regulatory credits. The Tesla rival reported milestone package deliveries. The post Rivian Stock Wavers On Earnings Beat — And 1 Billion Amazon Deliveries appeared first on Investor's Business Daily.

1 day ago

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