Investors in electric vehicle (EV) start-ups are accustomed to tracking production and deliveries to follow their growth and to better understand industry demand. Rivian (NASDAQ: RIVN) disappointed its shareholders when it announced that its production and deliveries would be flat year over year in 2024, but that doesn't mean there isn't something critical for investors to watch.

Rivian's biggest feat in 2024 -- if it can achieve what it hopes to -- will be becoming gross profit positive. Here's a look at the driving forces behind its previous gross profit improvement of roughly $81,000 per unit, and the next three driving forces that could enable the company to squeeze out a gross profit late this year.

During the fourth quarter of 2022, Rivian's gross loss per unit checked in at a staggering $124,162. Figures such as that don't inspire confidence in investors, and management knew it needed to make some dramatic improvements.

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Source Fool.com