Rivian Software Revenue Masks Underlying Losses on Vehicle Production

Yahoo Finance reports that Rivian achieved a surprise gross profit last quarter, though the underlying automotive business continues to burn cash on every vehicle built. While total revenue jumped 27% to $1.658 billion, the firm relied heavily on a software deal with Volkswagen t

Yahoo Finance reports that Rivian achieved a surprise gross profit last quarter, though the underlying automotive business continues to burn cash on every vehicle built. While total revenue jumped 27% to $1.658 billion, the firm relied heavily on a software deal with Volkswagen t