Rivian lost money in Q4 2024, but not as much as the year before.
Despite some supply issues, Rivian was able to exceed its previously announced production goal.
VW is committing almost $6 bilion to a partnership with electric automaker Rivian.
Rivian’s third-quarter revenue was significantly lower than analysts’ expectations.
Rivian has announced major updates to its all-electric R1 pickup and SUV models, aiming to boost range, performance, and computing power.
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.
Rivian is offering customers with gas-powered Ford and Toyota SUVs and trucks discounts of up to $5,000 on its EVs, along with a year of complimentary charging.