Rivian’s EV Play is Paying Off | Business and Finance News

Rivian’s stock may be down 22%, but the electric vehicle maker is quietly turning things around—dropping its new R2 SUV under $60K, aiming for 400K units a year, and finally hitting gross profit after a 27% revenue surge. While not Tesla or BYD, Rivian’s laser focus on mainstream electric trucks and SUVs is resonating with buyers, especially in the U.S., where pickups still dominate. Analysts predict explosive growth—39% this year, 59% next—with net losses shrinking as production scales. It’s not a quick flip, but for patient investors betting on America’s EV future, Rivian is building the truck and SUVs people actually want. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/668051f6d307a91c