The good news is that on Thursday afternoon, Rivian reported a fourth-quarter gross profit of $170 million, a result of sales growth and cost cuts. Wall Street was looking for $64 million. The profit is about $12,

Rivian forecast a modest gross profit for the year, as it managed to cut raw material and supply chain costs in its drive for efficiency. The EV maker, however, projected an unexpected drop in deliveries for the year as an uncertain economy and shifting consumer preferences temper demand for its more expensive electric pickup trucks and SUVs.