Rivian
$RIVN had a massive improvement in gross margin. It is still negative 37%, but that's nothing compared to -193% a year ago and a massive quarter-to-quarter improvement from -81% just a few months ago.
It is still losing $37k on every vehicle it delivers, but the path to a positive gross margin is now more clearly achievable by the time the $9 billion in the bank gets depleted.
Great job. I'm way more bullish on Rivian after this accomplishment.