The stock dropped in response, but investors are now feeling more optimistic about the company's prospects. That's helping to drive shares higher today. After jumping as much as 7.5%, shares remained higher by 3.7% at 1:45 p.m. ET.

Rivian's Q4 hits $1.73B revenue (+32% YoY), but growth leans on credits. Unprofitability persists; R2 platform launch in 2026 critical. See more on RIVN here.

Rivian (RIVN) shares hit a new yearly low on Monday, dropping nearly 10%. Despite achieving its first gross profit

One new growth opportunity is its commercial van. The EV maker has been delivering on an existing 100,000-vehicle order for early investor Amazon. Earlier this month, the company renamed it the Rivian Commercial Van (RCV), making it available to any fleet operator. It was previously exclusive to Amazon.