Rivian aims for profitability in 2025 through electric vehicles, facing competition from AI stocks.

From Yahoo Finance: 2025-05-06 11:13:00

In 2024, U.S. new car sales rose to 15.9 million, up 2.2% from 2023, with demand for hybrid cars driving growth, according to Reuters. S&P Global forecasts global sales of new light vehicles to rise 1.7% in 2025 to 89.6 million units, reflecting changes in US policy and potential impacts on the industry.

Rivian Automotive, Inc. (NASDAQ:RIVN) is an automaker specializing in electric vehicles, generating a $170 million gross profit in Q4 2024. With $7.7 billion in cash, Rivian aims for profitability in 2025. Despite its potential, AI stocks may offer higher returns in a shorter timeframe, making them a promising investment option.

President Trump’s relief provision on tariffs for car and parts imports aims to alleviate price impacts on consumers and bolster the automotive industry. Amidst evolving market demands, OEMs must adapt to advancements in manufacturing technologies, software-defined vehicles, and electric vehicle trends to stay competitive and successful in 2025.



Read more at Yahoo Finance: Is Rivian Automotive, Inc. (RIVN) Among the Best Car Stocks To Buy In 2025?