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Rivian Reports First Gross Profit, Expects Lower Deliveries Despite Profit Milestone
Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and posted its first-ever gross profit. The EV ...
Rivian Posts First Gross Profit as EV Policy Risks Loom
Rivian Automotive Inc. recorded its first-ever quarterly gross profit to close out 2024, achieving a long-held goal even as ...
Alibaba Will Turn Around Its Loss-Making Businesses Faster Than We Previously Expected
Alibaba is in sound financial health. As of September 2023, the company had CNY 572 billion in cash and short-term investments on its balance sheet against CNY 166 billion in short- and long-term bank ...