Rivian Automotive reported a challenging third quarter in 2024, with $874 million in sales and a net loss of $1.1 billion. The company's gross loss per vehicle delivered increased to $39,130, up from $30,648 in the same period last year. Despite these setbacks, Rivian remains optimistic, projecting a gross profit for the fourth quarter, aided by the sale of regulatory credits expected to generate approximately $275 million. Rivian's cash position is comparable to that of Lucid Motors, with both companies facing weak electric vehicle (EV) demand. Rivian's management cited production disruptions and a tough consumer environment as factors negatively impacting demand for their R1 vehicles. The company is also navigating significant debt, with total liabilities exceeding $5.5 billion against a market capitalization of over $10 billion, down 90% from its peak. Amazon and Volkswagen are the two largest shareholders of Rivian.