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Rivian’s $170 Million Quarterly Profit Marks A Turning Point

Electric vehicle truck and SUV startup Rivian just beat the odds.  Ahead of its earnings call with investors later this afternoon, the California-based automaker announced an important milestone: its first-ever positive gross quarterly profit. The fourth quarter of 2024 brought in $170 million in gross profits, a significant turnaround from $600 million in losses during the…

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