Rivian, a company that makes electric vehicles (EVs), had a tough time recently! Its stock price dropped a lot. But things are looking a bit better now.
- Rivian reached a goal: making a small profit in the last three months of 2024.
- They fixed their factory, but then had some part problems.
- Even though they still lost money overall in 2024, it was less than in 2023.
- They plan to keep making a small profit in 2025.
| Fact | Number |
|---|---|
| Stock price drop | More than 90% |
| 2024 Fourth Quarter Gross Profit | $170 million |
| 2024 Full Year Gross Profit | -$1.2 million |
| 2024 Full Year Loss | $4.7 billion |
| 2023 Full Year Loss | $5.4 billion |
