Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway driving “in a few weeks,” and said an “eyes-off” version in 2026.
RJ Scaringe, Rivian founder & CEO, joins 'Closing Bell Overtime' to talk quarterly results, trade policy, the EV market and more.
Electric vehicle manufacturer Rivian Automotive reported fourth-quarter financial results after the market close Thursday.
Rivian's cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration.
Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.
Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. 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.
Rivian forecast an unexpected drop in deliveries for the year as higher borrowing costs and growing preference for gasoline-electric hybrid vehicles temper demand for its more expensive electric pickup trucks and SUVs.
The electric vehicle (EV) industry is currently at crossroads. Though e-mobility is the future, President Trump's unfriendly stance on EVs, along with slower-than-expected adoption due to high pricing, presents challenges.
Rivian Automotive Inc RIVN will be reporting its fourth-quarter earnings on Thursday. Wall Street expects a loss of 65 cents per share and $1.40 billion in revenues as the company reports after market hours.
Rivian Automotive RIVN is slated to release fourth-quarter 2024 results on Thursday, after market close. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a loss of 66 cents a share on revenues of $1.43 billion.
It's a reasonable concern for Rivian Automotive (RIVN 5.49%) investors that the company has no real visible catalysts in 2025. The R2 won't launch until 2026, Rivian already inked a big deal with Volkswagen Group, and also landed a Department of Energy loan to fund its second plant in Georgia.
Rivian stock price has remained in a two-year consolidation phase as investors focus on its cash burn and the evolution of the electric vehicle industry. RIVN was trading at $14 on Monday, higher than last year's low of $8.70.