Rivian shocked the market with strong earnings results last week, proving itself an outlier in the electric vehicle market, which has been struggling with the end of government subsidies and cooling consumer excitement.

The shares of the Irvine-based high-end EV manufacturer skyrocketed 27% on Friday after it announced stronger-than-expected results, indicating that, after years of struggling with losses, it may have at last found a path to profitability.

Rivian reported gross profits for 2025 of $144 million, compared with a net loss in 2024 of $1.2 billion last week.

Rivian credited the swing to gross profit to “strong software and services performance, higher average selling prices, and reductions in cost per vehicle.”

China grants UK and Canada visa-free entry

British and Canadian citizens can enter China without a visa starting Tuesday, bringing to 79 the number of countries granted visa-free access in a bid to boost tourism and business.

China has expanded eligibility for the program significantly in the last two years. Visitors can stay for up to 30 days for business, tourism, exchange programs and to visit family and friends.

Most Europeans qualify for visa-free entry, along with some from select countries in other regions including Latin America, Southeast Asia and the Middle East.

Citizens of a few other countries, including the United States and Indonesia, can enter for 10 days if they are in transit.