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Rivian says it will be gross-profit positive this quarter, but there's a $275 million caveat to that claim.
Rivian (RIVN 4.92%) has had problems producing vehicles profitably since coming public, but management thinks that will change in the fourth quarter. What that gross profit will include, though, is a $275 million windfall that may not be sustainable. Travis Hoium digs into the numbers in this video.
*Stock prices used were end-of-day prices of Nov. 8, 2024. The video was published on Nov. 11, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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