Rivian's Rollercoaster: Record Profits but Stock Dips Amidst Weak Outlook

Category: Business/Finance

Rivian Automotive announced its first gross profit, but the stock fell due to weak future guidance and delivery estimates. Despite record revenue and successful deliveries for Amazon, investor concerns about slower sales have impacted stock performance.

Rivian Automotive recently reported its first-ever gross profit of $170 million for the fourth quarter, driven by sales growth and cost-cutting measures. However, despite this milestone, the company's stock has faced a downturn due to disappointing guidance for future deliveries and sales. Rivian's electric vans successfully delivered over 1 billion packages for Amazon in 2024, yet concerns over slower sales this year and lower-than-expected delivery estimates have led to a decline in investor confidence. As a result, Rivian's stock dipped by 3% following the earnings report, highlighting the challenges the EV maker faces despite achieving significant revenue growth.

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Updated At: 2/22/2025

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