Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year --

Rivian Automotive Inc. recorded its first-ever quarterly gross profit to close out 2024, achieving a long-held goal even as it warned that policy shifts in Washington will weigh on its electric-vehicle sales this year.

The EV company expects sales to be flat in 2025, but still expects a modest profit for the year.

Startup Rivian Automotive hit a milestone Thursday, reporting its first quarter of gross profit. The hitch: Much of it was driven by sales of regulatory credits to other automakers, rather than electric-vehicle sales.

Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.

Key Takeaways Rivian Automotive predicted 2025 deliveries below analysts' estimates.Like electric truckmaker Nikola, which filed for bankruptcy this week, Rivian warned about a challenging environment for EV manufacturers.