Rivian Turns a Profit, But Faces Uncertain Future

Electric vehicle maker Rivian reported its first positive gross profit in Q4 2024, reaching $170 million, thanks to cost-cutting measures on its R1 electric vehicles. However, the company anticipates lower vehicle sales in 2025 and reported a net loss of $4.7 billion for the full year, though an improvement on 2023. Revenue growth partly stems from regulatory credit sales to other automakers. While Rivian plans further cost reductions and remains optimistic, it faces uncertainties from shifting government policies and market demand.