Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.

Startup Rivian Automotive hit a milestone Thursday, reporting its first quarter of gross profit. The hitch: Much of it was driven by sales of regulatory credits to other automakers, rather than electric-vehicle sales.

Key Takeaways Rivian Automotive predicted 2025 deliveries below analysts' estimates.Like electric truckmaker Nikola, which filed for bankruptcy this week, Rivian warned about a challenging environment for EV manufacturers.

Rivian said on Friday it is recalling 17,260 vehicles in the U.S. due to a headlight issue that could reduce visibility and increase the risk of a crash.

Ford and Rivian have issued recalls affecting a total of about 257,000 vehicles in the United States over separate seatbelt and headlight issues.

Rivian has announced a recall of 17,260 of its R1 trucks and SUVs. 2025 models are suffering from inoperative low-beam headlights. Service centers and mobile techs will fit new headlight control modules.

The EV company expects sales to be flat in 2025, but still expects a modest profit for the year.