The massive federal loan, approved in the final days of Biden’s presidency, could be rescinded as Trump looks to slash spending.

Rivian (RIVN) is betting big on its upcoming midsize R2 electric SUV. Starting at about $45,000, the R2 is about half the cost of its current R1S and R1T models. CFO Claire McDonough confirmed the company is working around the clock to launch R2. It will also help take the brand global as Rivian plans to take the R2 overseas.

Rivian wanted to build a factory in Georgia, but things might not go as planned if it loses its $6.6B federal loan.

Ford also sold most of its shares of Rivian and axed its plans to co-develop an electric pickup, while rising interest rates popped its bubbly valuations. Today, its stock trades at about $12. So should investors buy Rivian's stock as a turnaround play today?

Rivian (NASDAQ: RIVN) delivered its Q4 2024 earnings report on yesterday, and while the electric vehicle (EV) market faces headwinds, the company offered plenty of reasons for optimism. From finally hitting positive gross profits to its hyped midsize SUV launch,

The company posted its first quarterly gross profit in the fourth quarter of 2024 and managed to exceed its recently lowered production goal for the year. CEO RJ Scaringe largely attributed the achievement to revenue increases and cost reduction initiatives Rivian undertook in 2024.

Rivian is making good progress, and reaching gross margin and operating cash flow positivity were big milestones. The next big step for it will be getting its R2 SUV to market. The company expects it to have a base price of around $45,000, which should give it much more mass appeal than the R1S SUV, which starts at just under $76,000.

EAST GEORGIA — Electric car maker, Rivian, is seeing an big increase in its revenue. The company reported a gross profit of $170 million in the fourth quarter. This marks a profit for the first time in the company’s history. Rivian recently received a $6.6 billion dollar federal loan for construction on its east Georgia plant.

Rivian's Q4 hits $1.73B revenue (+32% YoY), but growth leans on credits. Unprofitability persists; R2 platform launch in 2026 critical. See more on RIVN here.