Rivian R1S

Rivian just released its Q1 2025 shareholder letter, giving us a clearer picture of where the company stands heading into the rest of the year. While deliveries were down, there’s a lot to like—especially on the profitability front, progress on the upcoming R2, and some major financial backing now locked in. The company will share more details during its investor earnings call today at 2PM PT (5PM ET). Here’s a breakdown of the most important takeaways. Rivian Just Hit Gross Profit…

Rivian isn’t sitting around waiting to see what happens with Trump’s proposed tariffs—they’re already prepping. While other automakers are pulling back forecasts, Rivian quietly started stockpiling EV batteries last year, locking in supplies before costs potentially spike. According to Bloomberg, Rivian paid upfront to secure lithium-iron phosphate cells from China’s Gotion for its commercial vans. Gotion even built a separate reserve in the U.S. for extra security. For the R1T and R1S, Rivian is working with Samsung SDI to shift…