Rivian reports first quarter of ‘positive gross profit’

Rivian announced an important milestone today, as it reported a “positive profit” in its fourth profits in the fourth quarter of 2024. It was a sign that the company’s troubled efforts to reduce costs through Intestine repair in R1 electric cars It begins to achieve some positive results. But the dark clouds waved on the horizon, as the company said it expects to sell fewer vehicles in 2025 than last year.
Rivian has reported $ 170 million of positive total profits, which include production and sales, but it is not treated at other expenditures, during the three -month period that ended on December 31, 2024. This was based on $ 1.7 billion of revenues. The company said that its net loss for the fourth quarter amounted to 743 million dollars, compared to $ 1.5 billion of net losses in the same period in 2023.
Rivian received $ 4.5 billion for the full year 2024, based on the delivery of 51,579 cars. This is recorded in a net loss of $ 4.7 billion, compared to $ 5.4 billion in 2023. Revyan was martyred by increasing revenues from the sale of organizational credits to other auto manufacturers, which is also a basic revenue engine for Tesla. The company said it had witnessed an increase of $ 260 million in organizational credit sales in the fourth quarter on an annual basis.
A net loss of $ 4.7 billion, compared to $ 5.4 billion in 2023.
The company said: “Our variable cost discounts were driven by the release of the second -generation vehicles of the second generation, which included significant improvements in engineering design, the reduction of costs in the supply chain, and the improvement of commodity costs.” Note to the shareholders.
For the coming year, Rivian said it expects to sell between 46,000 to 51,000 cars, citing “changes to government policies and regulations, and a difficult demand environment.” Nevertheless, the company says it expects to achieve a “modest total profit” for the full year.
“While the uncertainty continues, we focus on implementation against our main value drivers and we are confident in the world’s long -term speculation,” said Rivian. “Our guidelines represent the current management view on the potential amendments of incentives, regulations and customs tariff structures.”
Certainly, Revyan faces more strict months, as the Trump administration promised to apply customs tariffs to a group of car parts, as well as EV incentives in the Biden era. On the positive side, the company A joint venture of $ 5.8 billion with Volkswagen On developing software and vehicles.