California-based EV makerRivian Automotive Inc.has been gaining investor interest in the past week, mostly due to a major investment by German automakerVolkswagenin the latter part of June. But there is more to the company's attempts at achieving profitability.
Financial Shape:Rivian, despite its R1 vehicle offerings that have been well received, is yet to turn a profit. The company has been accumulating losses for every vehicle it delivered until the first quarter of 2024 when it made a loss of nearly $39,000 for each of the 13,588 vehicles it sold.
While this is a significant loss to incur...
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