Part 5/9:
A Milestone in Profitability
For consumers and investors alike, Rivian's recent announcement of achieving its first quarterly profitability marks a significant milestone. The company reported a gross profit of $170 million for Q4, alongside $1.7 billion in revenue. While they still experienced net losses of $743 million, which is an improvement from previous quarters, their profitability positions Rivian as only the second U.S. company—after Tesla—to profit from electric vehicle sales.
Factors contributing to this success include engineering optimizations, supply chain improvements, and a notable increase in regulatory credit sales. Looking ahead, Rivian plans to sell between 46,000 to 51,000 vehicles in 2025, with expectations of maintaining profitability throughout the fiscal year.