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
In other EV news,
7-Eleven is launching "7Charge," an electric vehicle fast charging network and app.
The convenience store chain intends to build "one of the largest EV fast-charging networks of any retailer in North America." Via @ElectrekCo