Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and posted its first-ever gross profit. The EV maker reported a fourth-quarter gross profit of $170 million but has not provided a timeline for overall profitability. The company expects a modest gross profit in 2025 and will reduce its adjusted losses while forecasting lower vehicle deliveries compared to the previous year. Rivian's shares initially rose in after-hours trading before stabilizing during the earnings call.
