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Rivian (RIVN) hit its gross profit goal in Q4, now what?
Rivian (RIVN) hit its goal of achieving a positive gross profit in the fourth quarter. The EV maker released its fourth-quarter earnings after the market closed on Thursday. Here’s a full breakdown of Rivian’s Q4 2024 financials.
Rivian achieves first gross profit in Q4 2024 earnings.
Yesterday, in our Q4 earnings preview, we noted that the biggest thing investors will be looking for is if Rivian will achieve a positive gross profit as it has guided all year.
Rivian hit its goal, posting a gross profit of $170 million in the fourth quarter. A $776 million improvement from Q4 2023. Of which, $100 million was from auto sales, and the other $60 million was from software and services.
Lower costs. Including per vehicle delivered, drove the achievement. In addition to plant upgrades, Rivian saw a noticeable cost improvement after launching its second-generation R1 models.
Rivian posted total fourth-quarter revenue of $ billion. Easily topping Wall St expectations of $ billion. Total automotive revenue was $ billion, primarily from the 14,183 vehicles Rivian sold in the quarter. Rivian also generated $299 million from the sale of regulatory credits and $484 million from software and services.
Rivian Q4 2024 Revenue : $ billion vs $ billion expected.
: $ billion vs $ billion expected Rivian Q4 EPS loss: loss per share vs loss per share expected.
CEO RJ Scaringe mentioned, “This quarter. We achieved positive gross profit and removed $31,000 in automotive cost of goods sold per vehicle delivered in Q4 2024 relative to Q4 2023.”.
Rivian generated $110 million in automotive gross profit in the quarter compared to a loss of $611 million in Q4 2023. For the full year, Rivian generated a negative automotive gross profit of $7 million, an improvement from the $12 million loss in 2023.
The EV maker produced 49,476 vehicles at its Normal, IL plant last year and. Delivered 51,579. That includes the R1S SUV, R1T pickup, and electric delivery van (EDV) for Amazon. Earlier this month, Rivian also opened orders for its Commercial Van for clients outside Amazon.
Rivian posted a net loss of $743 million in the fourth quarter. Down from an over $ billion loss in Q4 2023. For the full year, Rivian posted a net loss of $ billion, down from $ billion in 2023.
During the fourth quarter. Rivian also closed its EV joint venture with Volkswagen. The deal is worth up to $ billion, of which Rivian says $ billion is expected to be received over the next few years. Rivian will supply its EV architecture and software for Volkswagen’s next-gen models.
The first will be Rivian’s midsize R2, a smaller, more affordable electric SUV. It will start at around $45,000, or nearly half the current R1S ($77,700) and R1T ($71,700).
Rivian plans to begin R2 production in Normal early next year, but it expects to significantly scale up with its new manufacturing plant in Georgia.
Although it closed its loan agreement with the US DOE for up to $ billion right before Trump took office last month. Georgia Gov Brian Kemp stated this week he’s unsure where the funding stands.
Rivian is still confident the funds will be available when they draw on them next year. The plans include building the plant in two stages, each adding 200,000 units of capacity. Rivian’s upcoming R2 and even smaller R3 are “critical drivers in the enterprise’s long-term growth and profitability.”.
The firm stated on Thursday that the DOE loan and capital from the VW partnership, in addition to its current cash and equivalents, “is expected to provide the capital resources to fund operations through the ramp of R2 in Normal, as well as the midsize platform in Georgia—enabling a path to positive free cash flow and. Meaningful scale.”.
Rivian remains focused on cutting costs, improving efficiency, and launching its mass-market R2 electric SUV. The first R2 development vehicles in the recent past completed winter testing. Meanwhile, Rivian is currently expanding its Normal manufacturing plant to prepare for the R2 launch in the first half of 2026.
Scaringe showcased, “I couldn’t be more excited about R2, and I believe the combination of capabilities and cost efficiencies, along with the amazing level of excitement from end-people, will make R2 a truly transformational product for Rivian.”.
Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full-Year 2024 2025 guidance Deliveries 13,588 13,790 10,018 14,183 51,579 46,000 – 51,000 Production 13,980 9,612 13,157 12,727 49,476 N/A Rivian deliveries and production by quarter in 2024.
Despite this, Rivian expects lower deliveries of between 46,000 and. 51,000 in 2025 due to external factors, including changes in government policies and regulations. After delivering more EDVs to Amazon in Q4, Rivian expects lower volume in 2025.
The business expects an adjusted EBITDA loss between $ billion and $ billion, with Capital Expenditures of $ billion to $ billion.
With “meaningful” improvements, including operational efficiencies and reduced variable costs. In addition to higher selling prices with its Tri-Motor model hitting the market, Rivian expects to achieve a modest gross profit in 2025.
Rivian ended the quarter with $ billion in cash and equivalents. Including other capital, the corporation ended the year with slightly over $9 billion in liquidity.
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Which EVs offer the longest range for your money in Australia?
Discussions surrounding electric vehicles (EVs) almost always circle back to the issue of driving range, and the phenomenon of ‘range anxiety’.
Many new car buyers still fear that owning an EV means hours spent twiddling thumbs at charging stations, but manufacturers are working hard to increase the endurance of electric models.
Meanwhile. EV prices are trending downwards, with huge discounts being offered across a wide range of nameplates.
As a result, EVs are offering more driving range bang-for-buck than ever before. But which tops the value charts?
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After all, there’s a swathe of affordable, efficient options in the market, and new entrants are hitting showrooms all the time.
So. Here are the EVs that cost the least per kilometre of driving range, as of March 2025. Honourable mentions go to the MG 4 Excite 51, Polestar 2 Long Range, and Tesla Model 3 Long Range, which all fell just short of a spot in the top five.
Note: where nationwide drive-away pricing isn’t available, we’ve used the states/territories with the lowest (Australian Capital Territory) and highest (Western Australia) on-road costs.
The MG ZS EV offers the most electric driving range-per-dollar in Australia, but if you want one you’ll have to get in quick.
MG has sharpened prices for its ZS EV as the electric SUV enters runout mode, with new drive-away pricing that sees savings of up to $14,791.
For the money, you get 440km of WLTP range from a 72kWh LFP battery, as well as vehicle-to-load (V2L) capability, allowing you to power external appliances.
Standard equipment on the featured Long Range model includes 17-inch alloy wheels. A panoramic sunroof, infotainment touchscreen, digital instrument cluster, leatherette upholstery, and heated front seats.
Specifications MG ZS EV Long Range Drive-away price $36,888 Max. claimed range (WLTP) 440km Cost per kilometre (range) $ Battery 72kWh LFP Power/Torque 115kW/280Nm Max. DC charge rate 80kW.
Interested in buying a MG ZS EV? Get in touch with one of CarExpert’s trusted dealers here.
Furthermore, the GWM Ora may be small in stature, but it offers plenty of bang-for-buck from a driving range standpoint.
For $36,990 drive-away you can get behind the wheel of an Ora Extended Range with 420km of WLTP-tested range – a limited-time offer that’s set to end on March 31.
The Extended Range sits in the middle of the Ora range, between the entry-level Standard Range and flagship GT.
As standard, the mid-spec Ora functions equipment including 18-inch alloy wheels, twin interior screens. Leatherette upholstery , power-adjustable front seats, and a surround-view camera.
Specifications GWM Ora Extended Range Drive-away price $36,990 Max. claimed range (WLTP) 420km Cost per kilometre (range) $ Battery 63kWh nickel manganese cobalt Power/Torque 126kW/250Nm Max. DC charge rate 80kW.
Interested in buying a GWM Ora? Get in touch with one of CarExpert’s trusted dealers here.
Despite its elevated asking price, the Cupra Born is also among the top kilometre-per-dollar EVs in Australia.
That can be attributed to fresh nationwide drive-away pricing presented back in January, which produced savings of more than $14,900 across each state and territory.
Until March 31, 2025, Cupra’s Obsesión sales event sees the MY24 Born discounted to as little as $47,090 drive-away Australia-wide – down significantly on its normal price of $59,990 before on-road costs.
Available in just a single variant, the Born packs a 77kWh lithium-ion battery – good for a claimed range of 511km.
Standard equipment includes 19-inch alloy wheels. A infotainment touchscreen, digital instrument cluster, heated leather steering wheel, and front bucket seats.
Specifications Cupra Born Drive-away price $47,090 Max. claimed range (WLTP) 511km Cost per kilometre (range) $ Battery 77kWh lithium-ion Power/Torque 170kW/310Nm Max. DC charge rate 170kw.
Interested in buying a Cupra Born? Get in touch with one of CarExpert’s trusted dealers here.
BYD has long made a song and dance about its Blade batteries, and the Dolphin demonstrates the capabilities of the technology with 427km of range from a LFP power source.
The battery is only available in the flagship Dolphin Premium, which now retails for $36,990 after discounts to the tune of $5900.
In addition to the functions offered with the base Dolphin Essential, the Premium gains 17-inch alloy wheels, multi-link rear suspension, two-tone paint, a panoramic glass roof. And heated front seats.
It’s also a more powerful proposition, producing 150kW and 310Nm from a single, front-mounted electric motor.
Specifications BYD Dolphin Premium Drive-away price $37,999 (ACT) to $39,692 (WA) Max. claimed range (WLTP) 427km Cost per kilometre (range) $ (ACT).
$ (WA) Battery LFP Power/Torque 150kW/310Nm Max. DC charge rate 80kW.
Interested in buying a BYD Dolphin? Get in touch with one of CarExpert’s trusted dealers here.
Moving to another aspect, the Chery Omoda E5 is the newest of the cars on this list, having hit showrooms in September last year.
All versions of the electric SUV offer 430km of range on the WLTP cycle, courtesy of a lithium-iron phosphate battery that can be charged at up to 80kW using a DC fast charger.
MY24 base models rank best from a range-per-dollar standpoint, coming it at just over $40,000 drive-away in Victoria.
Furthermore, the list of standard kit includes 18-inch alloy wheels, twin interior screens. Five USB ports, LED exterior lights, and fabric upholstery.
Specifications Chery Omoda E5 BX Drive-away price $39,004 (ACT) to $40,713 (WA) Max. claimed range (WLTP) 430km Cost per kilometre (range) $ (ACT).
$ (WA) Battery LFP Power/Torque 150kW/340Nm Max. DC charge rate 80kW.
Interested in buying a Chery Omoda 5? Get in touch with one of CarExpert’s trusted dealers here.
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Market Impact Analysis
Market Growth Trend
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 8.3% | 10.0% | 10.5% | 11.6% | 12.3% | 12.7% | 12.8% |
Quarterly Growth Rate
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|
| 10.9% | 11.7% | 12.4% | 12.8% |
Market Segments and Growth Drivers
| Segment | Market Share | Growth Rate |
|---|---|---|
| Connected Cars | 35% | 14.2% |
| Autonomous Driving | 22% | 18.5% |
| EV Technology | 28% | 21.9% |
| Telematics | 10% | 9.7% |
| Other Automotive Tech | 5% | 6.3% |
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity:
Competitive Landscape Analysis
| Company | Market Share |
|---|---|
| Tesla | 16.9% |
| Waymo | 12.3% |
| NVIDIA DRIVE | 10.7% |
| Bosch | 9.5% |
| Continental | 7.8% |
Future Outlook and Predictions
The Rivian Rivn Gross landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:
Year-by-Year Technology Evolution
Based on current trajectory and expert analyses, we can project the following development timeline:
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:
Innovation Trigger
- Generative AI for specialized domains
- Blockchain for supply chain verification
Peak of Inflated Expectations
- Digital twins for business processes
- Quantum-resistant cryptography
Trough of Disillusionment
- Consumer AR/VR applications
- General-purpose blockchain
Slope of Enlightenment
- AI-driven analytics
- Edge computing
Plateau of Productivity
- Cloud infrastructure
- Mobile applications
Technology Evolution Timeline
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
Expert Perspectives
Leading experts in the automotive tech sector provide diverse perspectives on how the landscape will evolve over the coming years:
"Technology transformation will continue to accelerate, creating both challenges and opportunities."
— Industry Expert
"Organizations must balance innovation with practical implementation to achieve meaningful results."
— Technology Analyst
"The most successful adopters will focus on business outcomes rather than technology for its own sake."
— Research Director
Areas of Expert Consensus
- Acceleration of Innovation: The pace of technological evolution will continue to increase
- Practical Integration: Focus will shift from proof-of-concept to operational deployment
- Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
- Regulatory Influence: Regulatory frameworks will increasingly shape technology development
Short-Term Outlook (1-2 Years)
In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing automotive tech challenges:
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.
Mid-Term Outlook (3-5 Years)
As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.
Long-Term Outlook (5+ Years)
Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.
Key Risk Factors and Uncertainties
Several critical factors could significantly impact the trajectory of automotive tech evolution:
Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.
Alternative Future Scenarios
The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:
Optimistic Scenario
Rapid adoption of advanced technologies with significant business impact
Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.
Probability: 25-30%
Base Case Scenario
Measured implementation with incremental improvements
Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.
Probability: 50-60%
Conservative Scenario
Technical and organizational barriers limiting effective adoption
Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.
Probability: 15-20%
Scenario Comparison Matrix
| Factor | Optimistic | Base Case | Conservative |
|---|---|---|---|
| Implementation Timeline | Accelerated | Steady | Delayed |
| Market Adoption | Widespread | Selective | Limited |
| Technology Evolution | Rapid | Progressive | Incremental |
| Regulatory Environment | Supportive | Balanced | Restrictive |
| Business Impact | Transformative | Significant | Modest |
Transformational Impact
Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.
The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.
Implementation Challenges
Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.
Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.
Key Innovations to Watch
Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.
Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.
Technical Glossary
Key technical terms and definitions to help understand the technologies discussed in this article.
Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.
electric vehicle intermediate
vehicle-to-everything intermediate
API beginner
How APIs enable communication between different software systemsplatform intermediate
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