Rivian, the American electric truck maker, just hit a big milestone. For the first time, they reported a gross profit (money made from vehicle sales before other business costs) of $170 million in late 2024. This means they’re getting better at managing their production costs, though they’re still not profitable overall as a company. The company sold 14,183 electric trucks and vans in the last three months of 2024. That’s more vehicles than a year ago, when they sold 13,624. More sales brought in revenue of $1.73 billion, up from $1.31 billion last year. “We cut $31,000 from the cost … Continue reading Rivian’s $170M Gross Profit Milestone Amid 2025 Sales Dip and $5.8B Volkswagen Partnership