Rivian reports first quarter of ‘positive gross profit’

The Verge
By Andrew J. HawkinsFeb 20, 2025, 4:50 pm473 ptsHot
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…

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