Rivian (RIVN) Stock: Third Quarter Earnings Beat Estimates with $24 Million Gross Profit

TLDR Rivian reported Q3 revenue of $1.56 billion, beating analyst estimates of $1.5 billion with a 78% year-over-year increase. The EV maker posted a $24 million gross profit, its second this year, exceeding expectations of a $38.6 million loss. Volkswagen joint venture and software services generated $154 million, offsetting $130 million automotive losses. The company [...]

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