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Rivian Reports First-Ever Quarterly Gross Profit in Q4 2024, Signals Stagnant Growth for 2025
Rivian just dropped its Q4 2024 Shareholder Letter, and for the first time ever, the company reported a quarterly gross profit—$170 million to be exact. That’s a huge milestone, especially considering how Rivian has been working to drive down costs and ramp up production. The financials paint a strong picture of Rivian’s momentum. The company saw a massive $729 million improvement in adjusted EBITDA compared to Q4 2023. Revenue for the quarter shot up by $419 million year-over-year, with a…
Rivian Hikes Charging Prices by Up to 68% at Adventure Network Sites
Rivian owners are waking up to some hefty price hikes at Rivian Adventure Network (RAN) chargers across the U.S. The company has quietly increased charging rates by an average of 23% across its more than 100 locations, with some sites seeing even steeper jumps. One of the most extreme cases is Barstow, California, where Rivian upped the rate from $0.38/kWh to $0.64/kWh—an eye-watering 68% increase. These changes put Rivian’s once-competitive fast-charging rates much closer to, or even above, those of…
Rivian Introduces Gen 3 Powered Tonneau Cover for R1T
Rivian just dropped a new third-generation powered tonneau cover for the R1T (remember when I called it in September of last year), debuting alongside the California Dune R1 Edition. This version ditches the larger panels from Gen 1 and Gen 2 in favor of smaller slits that roll away behind the Gear Tunnel, which should (hopefully) mean better durability and reliability. The good news? Rivian has confirmed that a retrofit option will be available for existing owners. No timeline yet,…
Rivian Unveils the California Dune Edition: A Limited-Run R1 Built for the Sand
Rivian just unveiled the California Dune Edition, a limited-run R1 built for those who crave adventure in the sand. Inspired by the golden hues of California’s desert dunes, this edition brings fresh colors, upgraded off-road gear, and serious power. Under the hood, it’s built on the Tri-Motor R1 platform, meaning 850 horsepower, 1,103 lb-ft of torque, and a 0-60 time of 2.9 seconds. It’s got an EPA-estimated range of 329 miles, plus Soft Sand mode as standard to help you glide over dunes with ease. Rivian didn’t…
RJ Scaringe to Speak at NVIDIA GTC 2025 on AI and the Future of Rivian EVs
NVIDIA just announced that Rivian CEO RJ Scaringe will be speaking at GTC 2025, and if you’re into EVs and tech, this is one you won’t want to miss. He’ll be joining Rishi Dhall, NVIDIA’s VP of Automotive Business, for a fireside chat on March 18th from 3:00 to 3:40 PM PDT. The session is all about how Rivian is using AI, autonomous driving, and advanced computing to push the limits of EVs. NVIDIA has been a major player in…