Rivian, a company that makes electric cars, had some good and bad news lately. They made a profit for the first time, which is great! But the stock market isn't super excited.
- Rivian made $1.73 billion in sales.
- They made a profit of $170 million, a big change from a loss last year.
- However, they expect to sell fewer cars this year than last year.
- Some experts worry about competition from other electric car companies.
| Fact | Number |
|---|---|
| 2024 Car Deliveries | 51,579 |
| 2025 Expected Deliveries | 46,000-51,000 |
| 2024 Operating Loss (Millions) | $740 |
| 2024 Revenue (Billions) | $1.73 |
| Potential Additional Capital | $10 Billion |
