Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

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. The company announced Thursday its fourth-quarter and full-year 2024 financial results, and along with it, shared plans to deliver between 46,000 and 51,000 EVs across 2025. Rivian cautioned that “changes to government policies and regulations, and a challenging demand environment” could affect those results, according to the shareholder letter the EV maker released alongside its results. Rivian didn’t specify what those changes might be, but Trump said on the campaign trail that he was inclined to find a way to kill the $7,500 federal EV tax credit. Friend of the Trump administration Vivek Ramaswamy has also called for the $6.6 billion loan from the Department of Energy to be clawed back. That loan was finalized three days before Trump took office. ... Read full article.