Rivian's Cost-Cutting Measures Get Closer to Profitability in 2025

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a day ago

Summary

Rivian reports $1.7 billion in revenue for Q4 2024, up 32% from same period last year. The company plans to deliver 46,000-51,000 EVs in 2025, but warns of uncertainty due to government policies and regulations.

Key Points

Rivian has implemented cost-cutting measures to improve profitability
The company plans to deliver 46,000-51,000 EVs in 2025
Rivian's revenue growth is driven by charging and subscriptions fees, repair and maintenance services

Why It Matters

Rivian's financial performance and outlook are important indicators of the electric vehicle industry's growth and competitiveness.

Author

Sean O'Kane, Kirsten Korosec

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