Rivian has focused on cost-cutting measures to edge closer to profitability, yet it warns that 2025 may be challenging due to potential regulatory changes under the new Trump Administration. The company aims to deliver between 46,000 and 51,000 EVs next year. In 2024, Rivian laid off 10% of its workforce and simplified its vehicle designs. This resulted in a $170 million gross profit in Q4 2024, with significant revenue growth attributed to both vehicle sales and regulatory credits.
Rivian's cost-cutting measures have improved its path to profitability but faces uncertainties due to potential changes in government regulations and demand in 2025.
The company cautions that changes to policies under the new Trump Administration could impact its projected deliveries of 46,000 to 51,000 EVs in 2025.
Rivian achieved a $170 million positive gross profit in Q4 2024, revealing the importance of software revenue contributing $60 million to this total.
Rivian's revenue reached $1.7 billion in Q4 2024, indicating a 32% increase year-over-year, driven primarily by vehicle sales and regulatory credit sales.
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