Where Will Rivian Stock Be in 5 Years?
With shares already down 14% year to date, Rivian Automotive (NASDAQ: RIVN) is off to a bad start in 2025. While the company has finally achieved its goal of gross profitability, the market remains skeptical about the long-term outlook as competition in the electric vehicle (EV) industry mounts.
Let's dig deeper to determine if there is any light at the end of the tunnel for Rivian.
Rivian reported fourth-quarter earnings on Feb. 20, and the results were compelling. Total revenue surged 32% year over year to $1.73 billion, and the company delivered on CEO Ryan Scaringe's promise with a gross profit of $170 million compared to a loss of $606 million in the prior-year period. That's an improvement of $776 million.
Source Fool.com
