Rivian Automotive Inc
NASDAQ:RIVN
Gross Margin
Rivian Automotive Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Rivian Automotive Inc
NASDAQ:RIVN
|
14.7B USD |
-23%
|
|
| US |
|
Tesla Inc
NASDAQ:TSLA
|
878.4B USD |
18%
|
|
| JP |
|
Toyota Motor Corp
TSE:7203
|
37T JPY |
20%
|
|
| CN |
|
BYD Co Ltd
SZSE:002594
|
1.1T CNY |
19%
|
|
| IT |
|
Ferrari NV
MIL:RACE
|
75.9B EUR |
50%
|
|
| DE |
|
Mercedes Benz Group AG
MIL:MBG
|
75.3B EUR |
23%
|
|
| DE |
|
Daimler AG
XETRA:DAI
|
67.5B EUR |
23%
|
|
| DE |
V
|
Volkswagen AG
XETRA:VOW
|
51.1B EUR |
19%
|
|
| DE |
|
Mercedes-Benz Group AG
XETRA:MBG
|
50B EUR |
20%
|
|
| DE |
|
Bayerische Motoren Werke AG
XETRA:BMW
|
48.1B EUR |
16%
|
|
| DE |
|
Dr Ing hc F Porsche AG
XETRA:P911
|
44.4B EUR |
29%
|
Rivian Automotive Inc
Glance View
Once upon a time in the rapidly evolving landscape of automotive innovation, Rivian Automotive Inc. carved out a niche for itself in the electric vehicle (EV) sector, aiming to redefine adventure through sustainable transport. Founded by the visionary RJ Scaringe in 2009, Rivian sought to blend the power of electrification with the rugged spirit of adventure vehicles. The company's journey was characterized by a meticulous focus on design and technology, leading to the creation of electric pickup trucks and SUVs that could endure the toughest terrains while boasting impeccable sustainability credentials. Rivian's flagship models, the R1T truck and R1S SUV, symbolize this harmonious blend of adventure and eco-consciousness. By using skateboard chassis technology, the company has maximized the use of space and efficiency for its electric drivetrains. Rivian's revenue engine is fired up through several channels. Primarily, it generates income by selling its cutting-edge electric vehicles directly to consumers, bypassing traditional dealership models. This approach not only enhances customer experience but also allows Rivian to maintain stronger control over pricing and margins. Complementary to vehicle sales, Rivian has invested in establishing a proprietary network of charging stations, catering to the needs of its adventurous clientele and ensuring technical support on the go. By integrating technology and vertically controlling much of its supply chain, Rivian aims to drive up efficiency and ensure quality, all while making strides in its mission towards a more sustainable, adventurous future on the road.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Rivian Automotive Inc's most recent financial statements, the company has Gross Margin of -22.8%.
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