Rivian's Future Rides on R2 as R1 Demand Falls Flat
R1 sales won't grow in 2025, and Rivian is still waiting on a DOE loan.
Rivian (NASDAQ: RIVN) reported a gross profit in the fourth quarter of 2024, but that masks some real challenges the company faces in 2025. Demand for vehicles is well below capacity, and the company doesn't expect to grow deliveries in 2025. Rivian has bet its future on the R2, which won't begin production until next year, and needs a Department of Energy loan to build a new plant. Travis Hoium digs through everything you need to know.
*Stock prices used were end-of-day prices of Feb. 20, 2025. The video was published on Feb. 22, 2025.
