Rivian's $275 Million Windfall Masks Bigger Problems

Rivian says it will be gross-profit positive this quarter, but there's a $275 million caveat to that claim.Rivian (RIVN 3.26%) has had problems producing vehicles profitably since coming public, but management thinks that will change in the fourth quarter. What that gross profit will include, though, is a $275 million windfall that may not be sustainable. Travis Hoium digs into the numbers in this video.*Stock prices used were end-of-day prices of Nov. 8, 2024. The video was published on Nov. 11, 2024. ...