Rivian exceeded delivery expectations, increased production, and turned profit in Q4.

From Investing.com: 2025-01-03 08:36:17

Rivian surpasses Q4 delivery expectations, no longer constrained by component shortage. Delivered 14,183 vehicles, 42% increase from previous quarter. Produced 12,727 vehicles, above estimates. 2024 production at 49,476 vehicles, above lowered target. Cut costs, turned gross profit in Q4. Joint venture with Volkswagen provides $5 billion lifeline.

EV makers facing slowing demand due to higher borrowing costs. Legacy automakers focus on rolling out electric vehicles. Tesla reports first fall in yearly deliveries, impacted by aging lineup.



Read more at Investing.com: EV maker Rivian beats expectations for deliveries as supply snag eases By Reuters