2 Reasons to Buy Rivian Now

Rivian (NASDAQ: RIVN) stock is finding the opposite of what was set up to be a slightly quiet year for the automaker, which is in between vehicle launches. Rivian is dealing with tariff uncertainty, trying to boost deliveries, and constructing the expansion to its Illinois plant to enable production of its all-new R2 SUV. Despite trading well below all-time highs, the stock is quietly up 56% over the past year, but if you need more reason for optimism amid a slowing EV market, here are two.Rivian churned out its first quarter of gross profit during the fourth quarter of 2024, and it expects to generate a modest gross profit for the full-year 2025 period. That said, it still surpassed expectations when it posted a gross profit of $206 million during Q1, compared to $527 million during the prior year. Both automotive and software and services divisions contributed to gross profit. Automotive gross profit checked in at $92 million while software and services checked in at $114 million. Rivian also posted an 85% improvement in cash flow from operating activities during Q1, compared to the prior year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool