Rivian CFO Says We Have Under Contract Over $200M Of Regulatory Credit Sales For 2024; Regulatory Credit Sales Gives Confidence In Meaningful Profit Opportunity; Expects Co To Be EBITDA Positive In 2027
Portfolio Pulse from Benzinga Newsdesk
Rivian's CFO announced that the company has over $200 million in regulatory credit sales under contract for 2024. This gives confidence in a meaningful profit opportunity, and the company expects to be EBITDA positive by 2027.
June 27, 2024 | 4:27 pm
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Rivian's CFO announced over $200 million in regulatory credit sales for 2024, providing a significant profit opportunity. The company aims to be EBITDA positive by 2027.
The announcement of over $200 million in regulatory credit sales for 2024 is a positive indicator for Rivian's future profitability. This revenue stream provides a significant boost to the company's financial outlook, and the expectation to be EBITDA positive by 2027 further strengthens investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100