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.

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.

Shares of Rivian Automotive (NASDAQ: RIVN) plunged 9.7% shortly after 10 a.m. ET today, sinking to their lowest price so far this year. At least one analyst turned cautious about the electric vehicle (EV) maker's prospects after its weak outlook for 2025.