Rivian sacrifices 2027 profit goal to push deeper into autonomy
Airfind news item
By Sean O'Kane
Published on March 19, 2026.
Rivian has announced that it no longer expects to meet its long-anticipated profitability goal for 2027 due to increased spending on its autonomy efforts. The company, which had previously stated that it could reach positive EBITDA in 2027 as long as it successfully launched the R2 SUV and increased its software revenue, has faced several hurdles including the elimination of the federal EV tax credit and decreased ability to sell regulatory credits to other automakers, and increased costs due to President Trump's tariffs. However, Rivian's massive investment into developing self-driving technology has caused it to delay the EBIDA positive goal. The admission was made in a filing announcing a new partnership with Uber to build robotaxi versions of its upcoming R2 SUVs for the ride-hail giant's network. The firm has recorded total net losses of $27 billion between its inception in 2009 and 2025.
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