Every Rivian Investor Should Keep an Eye on This Number

Core Viewpoint - Rivian Automotive has the potential to become the next Tesla, with new mass market vehicles set to launch in 2026, but it must first achieve key production and quality objectives to match Tesla's sales trajectory [1][2]. Group 1: Production and Sales - Rivian needs to ramp up production facilities and deliver new mass market vehicles on time while maintaining quality to see sales growth similar to Tesla's [2]. - The company reached $5 billion in sales earlier this year but is currently losing money on each vehicle sold, accumulating a gross loss of nearly $2 billion over the past 12 months [3]. Group 2: Financial Performance - Rivian's management expects to achieve positive gross profits by the end of 2024, which would be a significant milestone given the current losses of nearly $40,000 per vehicle sold last quarter [5]. - Achieving positive gross profits in the upcoming quarter could significantly improve market sentiment and clarify the company's future prospects [6].