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Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’ as EV maker marks five years since IPO

Rivian CEO RJ Scaringe identified 2027 as an "inflection year" for the company, citing the midsize R2 SUV launch and autonomy technology as key drivers of future growth during an exclusive CNBC interview.
With an entry-level model priced at about $45,000, the R2 SUV remains the core business for Scaringe to showcase new technologies and achieve net profitability as Rivian expands into the mainstream market.
During the third quarter, Rivian generated $176 million in consolidated gross profit, though its automotive business posted an $80 million gross loss amid production ramp-up.
Rivian plans to release "point-to-point" driving capabilities in the coming weeks, aiming to exceed Tesla's autonomous features by using multiple sensor types for better vehicle perception.
The company expects about $13 billion in total future liquidity, though Wall Street analysts remain concerned whether demand for new technology can offset rising autonomy spending and cash burn.

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