Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Riva’s precious measures, this was more approached with Rentabelli, but warns that the company can be a difficult year in 2025 – especially due to uncertainty caused by the new Trump management.

Company declared Thursday, the fourth quarter and 2024 financial results and in addition to the full range of 51,000 houses in 2025. , according to the shareholder letter, was released along with the results of home maker.

Rivian did not show what these changes could be, but Trump said it was tended to find a way on the campaign trail Kill the $ 7,500 Federal Home Tax Credit. Trump Administration’s friend Vivek Ramaswamy also called The energy department will be withdrawn for $ 6.6 billion. This loan was summed up Three days before Trump.

Rivian was a tear that has expected more than 2024. Froze put 10% of the workforce In February and simplified spread, Alpap His flagship EVS versions – R1T apples and R1S SUV – in June. The company has revived electrical architecture and software interface, to reduce production costs, changed 600 parts of these vehicles changed.

As such changes, Rivian Notch’s $ 170 million positive total profit in the final quarter of 2024 – even $ 60 million from the programs and services.

Rivian revenue $ 1.7 billion for the fourth quarter, in 2023, the 32% increase in the increase in 32%. Most of Q4’s income – about $ 1.5 billion, from zero sales from the sale of $ 299 million – Credit automators regulatory loans. During the year, Rivian reported that $ 325 million earns from the sale of regulatory loans.

The income from the program plays an increasingly important role. Rivian, $ 214 million in the fourth quarter, has doubled from the amount of $ 214 million in the same year before the same year ago. Rivian, programs and services earned $ 484 million for 2024.

Rivian EVS may be in the work of buildings and sell, but the future is too much through a lucrative joint venture with the program, ie Volkswagen Group.

According to Rivian, the income from the program, first of all, according to Rivia, the new vehicles provided by the joint venture were managed by new vehicles, repair and repair services, repair and repair services and new vehicles and software development.