HyperChange | Rivian's New $1B+ Business (Vans) ⚡📦 @HyperChangeTV | Uploaded December 2023 | Updated October 2024, 7 hours ago.
Rivian's electric delivery van (EDV) business has quietly been making some huge moves. It generated over $400M in revenue in Q3 alone, and just signed a new partnership with AT&T. Now that Amazon doesn't have exclusive rights to buy the van Rivian will begin to do pilot projects with a bunch of new customers. Surprisingly, the gross margins on the van are strong, and this will be a key driver of the company's march towards profitability. Rivian's van business/fleet business is already at a $1.2B+ run-rate ... how big do you think it can get??
Rivian financial chart from Main Street Data: mainstreetdata.com/rivn
Rivian Delivery Van website: rivian.com/fleet
My Twitter: twitter.com/gfilche
My Instagram: instagram.com/gfilche
HyperChange Patreon :) patreon.com/hyperchange
Dislaimer: I own Tesla stock, not Rivian stock.
Rivian's electric delivery van (EDV) business has quietly been making some huge moves. It generated over $400M in revenue in Q3 alone, and just signed a new partnership with AT&T. Now that Amazon doesn't have exclusive rights to buy the van Rivian will begin to do pilot projects with a bunch of new customers. Surprisingly, the gross margins on the van are strong, and this will be a key driver of the company's march towards profitability. Rivian's van business/fleet business is already at a $1.2B+ run-rate ... how big do you think it can get??
Rivian financial chart from Main Street Data: mainstreetdata.com/rivn
Rivian Delivery Van website: rivian.com/fleet
My Twitter: twitter.com/gfilche
My Instagram: instagram.com/gfilche
HyperChange Patreon :) patreon.com/hyperchange
Dislaimer: I own Tesla stock, not Rivian stock.
