Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025 – CNBC
The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the final quarter of last year. Rivian said it plans to achieve another “modest gross profit” in 2025. It has not said when it expects to be profitable on a bottom-line basis.
For 2025, Rivian also expects to narrow its adjusted losses to a range of $1.7 billion to $1.9 billion, down from a loss of $2.69 billion in 2024. The company forecast deliveries of 46,000 units to 51,000 units for 2025, compared with 51,579 vehicles delivered last year.
Shares of Rivian were up about 7% during after-hours trading Thursday before leveling off during the company’s quarterly earnings call. The stock closed at $13.61 a share, down 2.3%.
Rivian CEO RJ Scaringe told CNBC that there is “a lot of uncertainty” surrounding the automotive industry, specifically the potential removal of federal incentives for EVs and tariff policies that could affect the company.
