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.

Rivian Automotive shares fell Friday, a day after the company predicted 2025 deliveries below analysts' estimates.

Ford and Rivian have issued recalls affecting a total of about 257,000 vehicles in the United States over separate seatbelt and headlight issues, the National Highway Traffic Safety Administration said on Friday.

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.

Rivian is recalling 17,260 electric vehicles from model year 2025—including both the R1T pickup truck and R1S SUV—because their headlight low beams may fail to illuminate when the vehicles are started in cold weather.

Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year --

Rivian Automotive Inc. tumbled after warning it’s poised for a first-ever decline in electric-vehicle deliveries in 2025, heralding a new challenge after the company achieved a long-held profitability goal.

The company expects to sell between 46,000 and 51,000 EVs this year, below the roughly 54,800 average of analyst estimates compiled by Bloomberg.