Rivian sacrifices 2027 profit goal to push deeper into autonomy

Rivian no longer expects to meet a long-expected profitability goal in 2027 because of how much money it is spending on its autonomy efforts, the company disclosed on Thursday.

The company said it does not expect to be EBITDA positive by next year as it sees R&D costs rising in line with its quickening efforts to build out its self-driving technology.