Rivian (RIVN) released its Q4 2023 earnings Wednesday, showing gross margin improvements over last year, but the numbers are down sequentially. Rivian also announced it will reduce its workforce by 10%. With cost-cutting measures in place and new affordable products, Rivian expects to achieve modest gross profit by the end of the year. Read more…
Rivian’s (RIVN) gross margins fall in Q4 2023, EV maker cuts staff, but there’s more to it
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