Rivian’s stock surged 27% after the company reported a surprising gross profit of $144 million for 2025, reversing a $1.2 billion net loss in 2024. The improvement was attributed to strong software and services performance, higher average selling prices, and reduced costs per vehicle. Rivian’s software revenue tripled, largely due to its joint venture with Volkswagen, which is set to provide additional funding. The company’s financial success in 2026 will largely depend on the rollout of its upcoming R2 electric vehicle, priced around $45,000.
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