r/wallstreetbets • u/OSRSkarma Flipping at the Grand Exchange • Feb 14 '25

Earnings Thread Weekly Earnings Thread 2/17 - 2/21

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u/AtGod93 Feb 20 '25

Rivian's 2025 delivery guidance of 46,000 to 51,000 vehicles falls short of Wall Street's expectation of approximately 55,520 vehicles. Reuters Despite this, the company achieved its first positive gross profit of $170 million in Q4 2024, surpassing analysts' projected gross profit of $64 million for that quarter.

From my pal GPT

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u/Aggravating_Ad_8453 Feb 20 '25

It's fancy to say gross profit instead of "burning almost $3 billions". I love it. My 3000 shares are happy now.