From Yahoo Finance: 2025-04-19 10:05:00

Rivian had a successful fourth quarter in 2024 and aims to continue the momentum in 2025 by hitting smaller milestones. The company’s focus on building electric trucks from scratch aligns with the current EV trend. In 2023, despite a production increase, Rivian struggled with negative gross profits due to high production costs.

In 2024, Rivian focused on improving the gross profit line rather than increasing EV production. The company managed to achieve a modest gross profit in the fourth quarter, marking a small step towards profitability. However, the full-year gross profit remained negative. The goal for 2025 is to achieve a modest gross profit for the entire year.

The first quarter of 2025 saw Rivian sustain production levels with approximately 14,600 vehicles produced. Although the company only delivered 8,600 EVs, a planned shutdown aims to enhance capabilities. The second quarter may see a notable increase in gross profit if production costs decrease during the shutdown.

The third quarter of 2025 will be a crucial test for Rivian as production ramps up. Investors will look for a solid gross profit in this quarter and hope for continued success in the fourth quarter. Despite challenges, achieving sustainable profitability remains the ultimate goal for Rivian in 2025.



Read more at Yahoo Finance: Rivian Scored Big in the First Quarter. Is There More Good News To Come?