Rivian, an electric car company, had some great news! They made a profit in the last three months of 2024, which is awesome. They also did better than expected overall for the whole year.
- Rivian made $170 million in profit during the fourth quarter (October-December).
- They sold more cars than expected.
- They are working on a new, cheaper car called the R2.
| Fact | Number |
|---|---|
| Profit in Q4 2024 | $170 million |
| Cars delivered in 2024 | 51,579 |
| Expected R2 cost | About half the cost of their current cars |
| Expected 2025 loss | Between $1.7 and $1.9 billion |
