Rivian posts $170 million ‘gross profit’ in Q4, sees losses decreasing as variable costs improve
Rivian (RIVN) reported strong fourth quarter results after the bell on Thursday and came through on its goal of posting a “gross profit” for the quarter, with a smaller-than-expected full-year 2024 EBITDA (earnings before interest, taxes, depreciation, and amortization) loss to boot. The company also sees a smaller loss in 2025 compared to a year…