Lates News

Due to electric vehicle manufacturer Rivian's focus on controlling costs during a critical period leading up to the release of their next generation SUV, the company has warned that this year's losses may be higher than expected. When releasing their fourth-quarter financial report, Rivian projected an adjusted EBITDA loss of $1.8 billion to $2.1 billion in 2026. While this range represents an improvement from last year's losses, it exceeds analysts' previous expectations of around $1.8 billion in losses. This forecast indicates that Rivian's path to profitability remains challenging in the face of weak electric vehicle demand, high material costs, and a loss of regulatory credits income after the repeal of electric vehicle-friendly policies under Republican leadership. Rivian also stated that the highly anticipated R2 midsize electric SUV will be launched for sale in the second quarter as planned. This model is crucial for Rivian to achieve higher production volumes and improved profitability, as it will be offered at a lower price point.