Rivian Sacrificed Its 2027 Profit Target. Here's Why Investors Should Applaud.

Key Points Rivian dropped its profit guidance after ramping up investments in AI and autonomous tech. Rivian's pivot sets the company up better for long-term growth. 10 stocks we like better than Rivian Automotive › For years, Rivian (NASDAQ: RIVN) marched closer and closer to profitability. Its progress on that front was impressive, given how difficult it is to scale a capital-intensive electric vehicle (EV) manufacturing business from scratch. In the fourth quarter of 2024, Rivian posted positive gross margins for the first time in its history.