From CNBC: 2025-02-20 16:40:26

Rivian Automotive surpassed Q4 earnings expectations, achieving its first gross quarterly profit of $170 million. The company forecasts lower sales in 2025, aiming for a modest gross profit and adjusted losses of $1.7-1.9 billion. Uncertainty in the automotive industry, including potential EV incentives removal and tariff policies, could impact future expectations.

Rivian plans to narrow adjusted losses in 2025 to $1.7-1.9 billion and anticipates delivering 46,000 to 51,000 units, down from 51,579 in 2024. CEO RJ Scaringe cites potential external factors impacting expectations, such as government policy changes and demand challenges. Focus remains on key value drivers for long-term electrification goals.

Shares of Rivian, Tesla, and Lucid in 2025. Capital expenditures are expected to rise to $1.6-1.7 billion, preparing for the launch of new “R2” midsize vehicles in 2026. In Q4, Rivian’s revenue beat expectations at $1.73 billion, aided by regulatory credit sales and software revenue. The company’s net loss was $743 million for the quarter and $4.75 billion for the full year.



Read more at CNBC:: Rivian (RIVN) earnings Q4 2024