Rivian Releases Fourth Quarter and Full Year 2024 Financial Results
Rivian (NASDAQ: RIVN) reported strong Q4 2024 financial results, achieving a gross profit of $170 million and record revenues. The company produced 12,727 vehicles and delivered 14,183 vehicles in Q4, while full-year 2024 production reached 49,476 units with 51,579 deliveries.
Two major financial developments strengthened Rivian's position: a joint venture with Volkswagen Group worth up to $5.8 billion, and a Department of Energy loan of up to $6.6 billion for their Georgia facility. The company reduced automotive cost of goods sold by $31,000 per vehicle in Q4 2024 compared to Q4 2023.
The company's commercial van program with Amazon reached a milestone with over 1 billion packages delivered in 2024. Rivian has now opened commercial van sales to all U.S. fleet sizes. The company expects modest gross profit for 2025, with the upcoming R2 model's bill of materials projected to be approximately half that of the improved R1.
Rivian (NASDAQ: RIVN) ha riportato risultati finanziari solidi per il quarto trimestre del 2024, raggiungendo un utile lordo di 170 milioni di dollari e ricavi record. L'azienda ha prodotto 12.727 veicoli e consegnato 14.183 veicoli nel quarto trimestre, mentre la produzione totale per il 2024 ha raggiunto 49.476 unità con 51.579 consegne.
Due importanti sviluppi finanziari hanno rafforzato la posizione di Rivian: una joint venture con il Gruppo Volkswagen del valore di fino a 5,8 miliardi di dollari e un prestito del Dipartimento dell'Energia fino a 6,6 miliardi di dollari per il loro stabilimento in Georgia. L'azienda ha ridotto il costo dei beni venduti nel settore automobilistico di 31.000 dollari per veicolo nel quarto trimestre del 2024 rispetto al quarto trimestre del 2023.
Il programma di furgoni commerciali dell'azienda con Amazon ha raggiunto un traguardo con oltre 1 miliardo di pacchi consegnati nel 2024. Rivian ha ora aperto le vendite di furgoni commerciali a tutte le dimensioni delle flotte negli Stati Uniti. L'azienda prevede un utile lordo modesto per il 2025, con il costo dei materiali del prossimo modello R2 previsto essere circa la metà di quello del migliorato R1.
Rivian (NASDAQ: RIVN) reportó resultados financieros sólidos para el cuarto trimestre de 2024, alcanzando un beneficio bruto de 170 millones de dólares y ingresos récord. La compañía produjo 12,727 vehículos y entregó 14,183 vehículos en el cuarto trimestre, mientras que la producción total para 2024 alcanzó 49,476 unidades con 51,579 entregas.
Dos desarrollos financieros importantes fortalecieron la posición de Rivian: una empresa conjunta con el Grupo Volkswagen por un valor de hasta 5.8 mil millones de dólares y un préstamo del Departamento de Energía de hasta 6.6 mil millones de dólares para su instalación en Georgia. La compañía redujo el costo de bienes vendidos en el sector automotriz en 31,000 dólares por vehículo en el cuarto trimestre de 2024 en comparación con el cuarto trimestre de 2023.
El programa de furgones comerciales de la compañía con Amazon alcanzó un hito con más de 1 mil millones de paquetes entregados en 2024. Rivian ha abierto ahora las ventas de furgones comerciales a todos los tamaños de flotas en EE. UU. La compañía espera un beneficio bruto modesto para 2025, con el costo de materiales del próximo modelo R2 proyectado en aproximadamente la mitad del del mejorado R1.
리비안 (NASDAQ: RIVN)은 2024년 4분기 강력한 재무 결과를 보고하며 1억 7천만 달러의 총 이익과 기록적인 수익을 달성했습니다. 회사는 12,727대의 차량을 생산하고 14,183대를 배송했으며, 2024년 전체 생산량은 49,476대로 51,579대가 배송되었습니다.
리비안의 입지를 강화한 두 가지 주요 재무 개발이 있었습니다: 폭스바겐 그룹과의 최대 58억 달러 규모의 합작 투자와 조지아 시설을 위한 에너지부의 최대 66억 달러 대출입니다. 회사는 2024년 4분기 차량당 판매된 자동차 원가를 2023년 4분기 대비 31,000달러 줄였습니다.
회사의 아마존과의 상업용 밴 프로그램은 2024년 10억 개 이상의 패키지를 배송하며 이정표를 세웠습니다. 리비안은 이제 모든 미국 플릿 규모에 상업용 밴 판매를 개방했습니다. 회사는 2025년에는 소폭의 총 이익을 예상하고 있으며, 다가오는 R2 모델의 자재 비용은 개선된 R1의 약 절반에 이를 것으로 예상하고 있습니다.
Rivian (NASDAQ: RIVN) a annoncé de solides résultats financiers pour le quatrième trimestre 2024, atteignant un bénéfice brut de 170 millions de dollars et des revenus record. L'entreprise a produit 12 727 véhicules et en a livré 14 183 au quatrième trimestre, tandis que la production totale pour l'année 2024 a atteint 49 476 unités avec 51 579 livraisons.
Deux développements financiers majeurs ont renforcé la position de Rivian : une coentreprise avec le groupe Volkswagen d'une valeur allant jusqu'à 5,8 milliards de dollars et un prêt du département de l'Énergie allant jusqu'à 6,6 milliards de dollars pour leur installation en Géorgie. L'entreprise a réduit le coût des biens vendus dans le secteur automobile de 31 000 dollars par véhicule au quatrième trimestre 2024 par rapport au quatrième trimestre 2023.
Le programme de camionnettes commerciales de l'entreprise avec Amazon a atteint une étape importante avec plus d'un milliard de colis livrés en 2024. Rivian a maintenant ouvert les ventes de camionnettes commerciales à toutes les tailles de flottes aux États-Unis. L'entreprise s'attend à un bénéfice brut modeste pour 2025, avec le coût des matériaux du prochain modèle R2 prévu pour être environ la moitié de celui du R1 amélioré.
Rivian (NASDAQ: RIVN) hat für das vierte Quartal 2024 starke Finanzzahlen veröffentlicht und einen Bruttogewinn von 170 Millionen Dollar sowie Rekordumsätze erzielt. Das Unternehmen produzierte 12.727 Fahrzeuge und lieferte 14.183 Fahrzeuge im vierten Quartal, während die Gesamtproduktion für 2024 49.476 Einheiten mit 51.579 Auslieferungen erreichte.
Zwei wichtige finanzielle Entwicklungen stärkten die Position von Rivian: ein Joint Venture mit der Volkswagen Gruppe im Wert von bis zu 5,8 Milliarden Dollar und ein Darlehen des Energieministeriums von bis zu 6,6 Milliarden Dollar für ihre Einrichtung in Georgia. Das Unternehmen senkte die Kosten der verkauften Automobile im vierten Quartal 2024 um 31.000 Dollar pro Fahrzeug im Vergleich zum vierten Quartal 2023.
Das kommerzielle Lieferwagenprogramm des Unternehmens mit Amazon erreichte einen Meilenstein mit über 1 Milliarde gelieferten Paketen im Jahr 2024. Rivian hat nun den Verkauf von Lieferwagen für alle US-Flottengrößen geöffnet. Das Unternehmen erwartet einen moderaten Bruttogewinn für 2025, wobei die Materialkosten des kommenden R2-Modells voraussichtlich etwa die Hälfte dessen betragen werden, was beim verbesserten R1 anfällt.
- Achieved Q4 2024 gross profit of $170 million
- Secured up to $12.4 billion in combined funding through VW joint venture ($5.8B) and DOE loan ($6.6B)
- Reduced automotive cost of goods sold by $31,000 per vehicle YoY
- Delivered 51,579 vehicles in 2024
- Reached milestone of 1 billion Amazon packages delivered by EDVs
- Expanded commercial van sales to all U.S. fleet sizes
- External factors could impact 2025 expectations due to challenging demand environment
- Company continues to operate with significant debt load
Insights
Rivian's Q4 2024 results mark a pivotal transition from growth-at-all-costs to operational efficiency, evidenced by their first-ever quarterly gross profit of
The dual capital injections - up to
The R2 platform strategy reveals sophisticated cost engineering:
- 95% component sourcing completion indicates strong supplier relationships and supply chain maturity
- 50% lower bill of materials versus R1 suggests potential gross margins comparable to mainstream automakers
- Shared electrical architecture with VW enables economies of scale typically reserved for legacy automakers
Amazon's milestone of 1 billion packages delivered via EDVs demonstrates commercial viability and recurring revenue potential. The expansion of commercial van sales to broader fleet customers could create a significant secondary growth vector, diversifying revenue streams beyond consumer vehicles.
Looking ahead, Rivian's transition from premium to mass-market positioning with R2 appears well-timed, supported by proven cost reduction capabilities and strategic partnerships. The combination of operational improvements and secured capital provides a clear path to sustainable profitability, though execution risks remain in scaling production and managing the transition to mass-market vehicles.
-
Achieved Q4 2024 gross profit of
$170 million -
Closed Joint Venture with Volkswagen Group and loan from the Department of Energy which provides up to
of incremental capital*$10 billion -
improvement in Q4 2024 Adjusted EBITDA compared to Q4 2023**$729 million - Over 1 billion Amazon packages delivered by EDVs
In the fourth quarter, Rivian produced 12,727 vehicles at its manufacturing facility in
During the fourth quarter of 2024, Rivian and Volkswagen Group closed their joint venture, Rivian and Volkswagen Group Technology (the “Joint Venture”). With a total deal size of up to
Rivian’s commercial van offering continues to progress. In 2024 more than 1 billion packages were delivered by Amazon in the Rivian Electric Delivery Van (EDV) in the
RJ Scaringe, Founder and CEO, Rivian said:
“This quarter we achieved positive gross profit and removed
External factors could impact Rivian's 2025 expectations, including changes to government policies and regulations and a challenging demand environment. Rivian’s guidance represents management's current view on potential adjustments to incentives, regulations, and tariff structures.
2025 Guidance |
|
Vehicles Delivered |
46,000 - 51,000 |
Adj. EBITDA |
|
Capital Expenditures |
|
Rivian will host an audio webcast to discuss the company’s results and provide a business update at 2:00pm PT / 5:00pm ET on Thursday, February 20, 2025. The link to the webcast will be available at https://rivian-q4-earnings-webcast-2025.open-exchange.net/registration.
*
** A reconciliation of non-GAAP financial measures to the most comparable GAAP measure is provided below.
Consolidated Balance Sheets | ||||||||
(in millions, except per share amounts) | ||||||||
Assets |
|
December 31, 2023 |
|
December 31, 2024 |
||||
Current assets: |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
7,857 |
|
|
$ |
5,294 |
|
Short-term investments |
|
|
1,511 |
|
|
|
2,406 |
|
Accounts receivable, net |
|
|
161 |
|
|
|
443 |
|
Inventory |
|
|
2,620 |
|
|
|
2,248 |
|
Other current assets |
|
|
164 |
|
|
|
192 |
|
Total current assets |
|
|
12,313 |
|
|
|
10,583 |
|
Property, plant, and equipment, net |
|
|
3,874 |
|
|
|
3,965 |
|
Operating lease assets, net |
|
|
356 |
|
|
|
416 |
|
Other non-current assets |
|
|
235 |
|
|
|
446 |
|
Total assets |
|
$ |
16,778 |
|
|
$ |
15,410 |
|
|
|
|
|
|
||||
Liabilities and Stockholders’ Equity |
|
|
|
|
||||
Current liabilities: |
|
|
|
|
||||
Accounts payable |
|
$ |
981 |
|
|
$ |
499 |
|
Accrued liabilities |
|
|
1,145 |
|
|
|
835 |
|
Current portion of deferred revenues, lease liabilities, and other liabilities |
|
|
361 |
|
|
|
917 |
|
Total current liabilities |
|
|
2,487 |
|
|
|
2,251 |
|
Long-term debt |
|
|
4,431 |
|
|
|
4,441 |
|
Non-current lease liabilities |
|
|
324 |
|
|
|
379 |
|
Other non-current liabilities |
|
|
395 |
|
|
|
1,777 |
|
Total liabilities |
|
|
7,637 |
|
|
|
8,848 |
|
Commitments and contingencies |
|
|
|
|
||||
Stockholders' equity: |
|
|
|
|
||||
Preferred stock, |
|
|
— |
|
|
|
— |
|
Common stock, |
|
|
1 |
|
|
|
1 |
|
Additional paid-in capital |
|
|
27,695 |
|
|
|
29,866 |
|
Accumulated deficit |
|
|
(18,558 |
) |
|
|
(23,305 |
) |
Accumulated other comprehensive income (loss) |
|
|
3 |
|
|
|
(4 |
) |
Noncontrolling interest |
|
|
— |
|
|
|
4 |
|
Total stockholders' equity |
|
|
9,141 |
|
|
|
6,562 |
|
|
|
|
|
|
||||
Total liabilities and stockholders' equity |
|
$ |
16,778 |
|
|
$ |
15,410 |
|
Consolidated Statements of Operations 1 | ||||||||||||||||
(in millions, except per share amounts) | ||||||||||||||||
|
|
Three Months Ended December 31, |
|
Twelve Months Ended December 31, |
||||||||||||
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
Automotive |
|
$ |
1,208 |
|
|
$ |
1,520 |
|
|
$ |
4,132 |
|
|
$ |
4,486 |
|
Software and services |
|
|
107 |
|
|
|
214 |
|
|
|
302 |
|
|
|
484 |
|
Total revenues |
|
|
1,315 |
|
|
|
1,734 |
|
|
|
4,434 |
|
|
|
4,970 |
|
Automotive |
|
|
1,819 |
|
|
|
1,410 |
|
|
|
6,150 |
|
|
|
5,693 |
|
Software and services |
|
|
102 |
|
|
|
154 |
|
|
|
314 |
|
|
|
477 |
|
Total cost of revenues |
|
|
1,921 |
|
|
|
1,564 |
|
|
|
6,464 |
|
|
|
6,170 |
|
Gross profit |
|
|
(606 |
) |
|
|
170 |
|
|
|
(2,030 |
) |
|
|
(1,200 |
) |
Operating expenses |
|
|
|
|
|
|
|
|
||||||||
Research and development |
|
|
526 |
|
|
|
374 |
|
|
|
1,995 |
|
|
|
1,613 |
|
Selling, general, and administrative |
|
|
449 |
|
|
|
457 |
|
|
|
1,714 |
|
|
|
1,876 |
|
Total operating expenses |
|
|
975 |
|
|
|
831 |
|
|
|
3,709 |
|
|
|
3,489 |
|
Loss from operations |
|
|
(1,581 |
) |
|
|
(661 |
) |
|
|
(5,739 |
) |
|
|
(4,689 |
) |
Interest income |
|
|
131 |
|
|
|
83 |
|
|
|
522 |
|
|
|
385 |
|
Interest expense |
|
|
(73 |
) |
|
|
(81 |
) |
|
|
(220 |
) |
|
|
(318 |
) |
Loss on convertible notes, net |
|
|
— |
|
|
|
(82 |
) |
|
|
— |
|
|
|
(112 |
) |
Other income (expense), net |
|
|
2 |
|
|
|
1 |
|
|
|
6 |
|
|
|
(7 |
) |
Loss before income taxes |
|
|
(1,521 |
) |
|
|
(740 |
) |
|
|
(5,431 |
) |
|
|
(4,741 |
) |
Provision for income taxes |
|
|
— |
|
|
|
(3 |
) |
|
|
(1 |
) |
|
|
(5 |
) |
Net loss |
|
$ |
(1,521 |
) |
|
$ |
(743 |
) |
|
$ |
(5,432 |
) |
|
$ |
(4,746 |
) |
Less: Net income attributable to noncontrolling interest |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
Net loss attributable to common stockholders |
|
$ |
(1,521 |
) |
|
$ |
(744 |
) |
|
$ |
(5,432 |
) |
|
$ |
(4,747 |
) |
Net loss attributable to common stockholders, basic and diluted |
|
$ |
(1,521 |
) |
|
$ |
(744 |
) |
|
$ |
(5,432 |
) |
|
$ |
(4,747 |
) |
Net loss per share attributable to common stockholders, basic and diluted |
|
$ |
(1.58 |
) |
|
$ |
(0.70 |
) |
|
$ |
(5.74 |
) |
|
$ |
(4.69 |
) |
Weighted-average common shares outstanding, basic and diluted |
|
|
963 |
|
|
|
1,058 |
|
|
|
947 |
|
|
|
1,013 |
|
1 The prior periods have been recast to conform to current period presentation. |
||||||||||||||||
|
|
|
|
|
|
|
|
|
Consolidated Statements of Cash Flows 1 | ||||||||
(in millions) | ||||||||
|
|
Years Ended December 31, |
||||||
|
|
|
2023 |
|
|
|
2024 |
|
Cash flows from operating activities: |
|
|
|
|
||||
Net loss |
|
$ |
(5,432 |
) |
|
$ |
(4,746 |
) |
Depreciation and amortization |
|
|
937 |
|
|
|
1,031 |
|
Stock-based compensation expense |
|
|
821 |
|
|
|
692 |
|
Loss on convertible notes, net |
|
|
— |
|
|
|
112 |
|
Inventory LCNRV write-downs and losses on firm purchase commitments |
|
|
107 |
|
|
|
— |
|
Other non-cash activities |
|
|
115 |
|
|
|
28 |
|
Changes in operating assets and liabilities: |
|
|
|
|
||||
Accounts receivable, net |
|
|
(59 |
) |
|
|
(282 |
) |
Inventory |
|
|
(1,604 |
) |
|
|
307 |
|
Other assets |
|
|
(146 |
) |
|
|
(221 |
) |
Accounts payable and accrued liabilities |
|
|
105 |
|
|
|
(572 |
) |
Deferred revenue |
|
|
149 |
|
|
|
1,619 |
|
Other liabilities |
|
|
141 |
|
|
|
316 |
|
Net cash used in operating activities |
|
|
(4,866 |
) |
|
|
(1,716 |
) |
|
|
|
|
|
||||
Cash flows from investing activities: |
|
|
|
|
||||
Purchases of short-term investments |
|
|
(2,410 |
) |
|
|
(4,392 |
) |
Maturities of short-term investments |
|
|
925 |
|
|
|
3,553 |
|
Capital expenditures |
|
|
(1,026 |
) |
|
|
(1,141 |
) |
Net cash used in investing activities |
|
|
(2,511 |
) |
|
|
(1,980 |
) |
|
|
|
|
|
||||
Cash flows from financing activities: |
|
|
|
|
||||
Proceeds from issuance of capital stock including employee stock purchase plan |
|
|
61 |
|
|
|
64 |
|
Proceeds from issuance of convertible notes |
|
|
3,195 |
|
|
|
1,000 |
|
Proceeds from funding of |
|
|
— |
|
|
|
79 |
|
Purchase of capped call options |
|
|
(108 |
) |
|
|
— |
|
Other financing activities |
|
|
(18 |
) |
|
|
(7 |
) |
Net cash provided by financing activities |
|
|
3,130 |
|
|
|
1,136 |
|
|
|
|
|
|
||||
Effect of exchange rate changes on cash and cash equivalents |
|
|
5 |
|
|
|
(3 |
) |
Net change in cash |
|
|
(4,242 |
) |
|
|
(2,563 |
) |
Cash, cash equivalents, and restricted cash—Beginning of period |
|
|
12,099 |
|
|
|
7,857 |
|
Cash, cash equivalents, and restricted cash—End of period |
|
$ |
7,857 |
|
|
$ |
5,294 |
|
|
|
|
|
|
||||
Supplemental disclosure of cash flow information: |
|
|
|
|
||||
Cash paid for interest |
|
$ |
169 |
|
|
$ |
279 |
|
Supplemental disclosure of non-cash investing and financing activities: |
|
|
|
|
||||
Capital expenditures included in liabilities |
|
$ |
374 |
|
|
$ |
423 |
|
Capital stock issued to settle bonuses |
|
$ |
137 |
|
|
$ |
179 |
|
Conversion of convertible notes |
|
$ |
— |
|
|
$ |
1,133 |
|
1 The prior periods have been recast to conform to current period presentation. |
Reconciliation of Non-GAAP Financial Measures |
||||||||||||||||
(in millions) | ||||||||||||||||
Adjusted EBITDA1 |
|
Three Months Ended December 31, |
|
Twelve Months Ended December 31, |
||||||||||||
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Net loss attributable to common shareholders |
|
$ |
(1,521 |
) |
|
$ |
(744 |
) |
|
$ |
(5,432 |
) |
|
$ |
(4,747 |
) |
Interest income, net |
|
|
(58 |
) |
|
|
(2 |
) |
|
|
(302 |
) |
|
|
(67 |
) |
Provision for income taxes |
|
|
— |
|
|
|
3 |
|
|
|
1 |
|
|
|
5 |
|
Depreciation and amortization |
|
|
270 |
|
|
|
218 |
|
|
|
937 |
|
|
|
1,031 |
|
Stock-based compensation expense |
|
|
215 |
|
|
|
154 |
|
|
|
821 |
|
|
|
692 |
|
Other (income) expense, net |
|
|
(2 |
) |
|
|
(1 |
) |
|
|
(6 |
) |
|
|
7 |
|
Loss on convertible note, net |
|
|
— |
|
|
|
82 |
|
|
|
— |
|
|
|
112 |
|
Cost of revenue efficiency initiatives |
|
|
60 |
|
|
|
— |
|
|
|
95 |
|
|
|
193 |
|
Restructuring expenses |
|
|
— |
|
|
|
— |
|
|
|
42 |
|
|
|
30 |
|
Asset impairments and write-offs |
|
|
30 |
|
|
|
— |
|
|
|
55 |
|
|
|
30 |
|
Joint venture formation expenses and other items2 |
|
|
— |
|
|
|
13 |
|
|
|
— |
|
|
|
25 |
|
Adjusted EBITDA (non-GAAP) |
|
$ |
(1,006 |
) |
|
$ |
(277 |
) |
|
$ |
(3,789 |
) |
|
$ |
(2,689 |
) |
|
|
|
|
|
|
|
|
|
||||||||
1 The prior periods have been recast to conform to current period presentation. |
||||||||||||||||
2 Defined in Non-GAAP Financial Measures below. |
Forward-Looking Statements:
This press release and statements that are made on our earnings call contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release and made on our earnings call that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our future operations, initiatives and business strategy, including expected cost reduction initiatives, our future financial results, vehicle profitability and future gross profits, our future capital expenditures, the underlying trends in our business (including customer preferences and expectations, and potential tailwinds for 2025), our market opportunity, and our potential for growth, our production ramp and manufacturing capacity expansion and anticipated production levels, our expected future production and deliveries, scaling our service infrastructure, our expected future products and technology and product enhancements (including the launches of R2 and R3), potential expansion of commercial van sales, future revenue opportunities, including with respect to the emerging autonomous driving market, our joint venture with Volkswagen Group, including the expected benefits from the partnership and future VW investments, and other expected incremental available capital pursuant to agreements with VW and the
*Non-GAAP Financial Measures
In addition to our results determined in accordance with generally accepted accounting principles in
Our non-GAAP financial measures include adjusted EBITDA, defined as net loss before interest expense (income), net, provision for income taxes, depreciation and amortization, stock-based compensation, other expense (income), net, and special items. Our management team ordinarily excludes special items from its review of the results of ongoing operations. Special items is comprised of (i) cost of revenue efficiency initiatives which include costs incurred as we transition between major vehicle programs, cost incurred for negotiations with major suppliers regarding changing demand forecasts or design modifications, and other costs for enhancing our capital and cost optimization, (ii) restructuring expenses for significant actions taken, (iii) significant asset impairments and write-offs, and (iv) other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities, including loss (gain) on convertible note, net, and joint venture formation expenses.
About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles as well as software and services that address the entire lifecycle of the vehicle. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in
Learn more about the company, products, and careers at www.rivian.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220451890/en/
Investors: ir@rivian.com
Media: Harry Porter: media@rivian.com
Source: Rivian Automotive, Inc.
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