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Rivian reports first quarter of ‘positive gross profit’ from The Verge - All Posts RSS feed.
Rivian reports first quarter of ‘positive gross profit’
Rivian announced a significant milestone today, reporting its first “positive gross profit” in its fourth quarter earnings for 2024. It was a sign that the struggling company’s efforts to slash costs through the gut overhaul of its R1 electric vehicles is starting to yield some positive results. But dark clouds loom ahead, as the company […]