Rivian inches closer to profitability but warns ‘changes to government policies' could hurt
1. Rivian boosts profitability with aggressive cost‐cutting and operational efficiency. Q4 revenue hit $1.7bn. 2. Plans to deliver 46,000–51,000 EVs in 2025 amid uncertain government policies. Results may face headwinds. 3. Trump campaign hints at ending the $7,500 EV tax credit. Policy shifts could alter demand dynamics. 4. Cost cuts include 10% workforce reduction and design simplifications in R1T/R1S. These measures improved gross profit. 5. Software revenue doubled via a joint venture with Volkswagen Group. This growth offers an alternative profit source.