Rivian Automotive's (NASDAQ: RIVN) most important financial milestone isn't another quarter of positive consolidated gross profit. It's unlocking the enormous gross profit potential of its automotive business as production of its highly anticipated R2 ramps up. That's what makes the upcoming third-quarter earnings report so intriguing. Investors will get another glimpse of whether Rivian's improving vehicle economics can offset declining regulatory credit revenue and begin to drive what could be the company's biggest source of gross profit growth. Data source: Rivian SEC filings. Chart by author using ChatGPT.
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