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Fortune

Christiaan Hetzner

Rivian finally shows it can actually sell cars for more than the price it costs to build them

Rivian RJ Scaringe Claire McDonough Donald Trump Elon Musk Joe Biden Tesla Inc.

RJ Scaringe speaks on stage during the "Empowering Communities to Embrace Clean Energy" panel for The Atlantic Festival 2024 on September 20, 2024 in Washington, DC (Credit: Tasos Katopodis—Getty Images for The Atlantic)

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone achievement for CEO RJ Scaringe. Whether he can maintain that going forward is up for debate.

Three years on from the launch of the R1T pickup, Rivian finally demonstrated it could earn more on the sale of its electric vehicles than what it costs to build them.

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One subscription that gives you access to news from hundreds of sites

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