
Even with the sudden and slightly controversial price hike for the R1T electric pickup, Rivian doesn’t expect to turn a profit in the near future. The manufacturer is right now in the midst of trying to build more R1Ts while also starting production for the R1S SUV.
Rivian recently announced in a 10-K filing with the Securities and Exchange Commission (SEC) that it expects to keep losing money for the foreseeable future: