Rivian anticipates delivering between 40,000 and 46,000 electric vehicles by the end of 2025, a reduction from its earlier forecast of 46,000 to 51,000. The decrease is largely influenced by President Trump's tariffs and economic policies that have also affected major automakers like Ford and GM. Rivian's sales figures reflect ongoing challenges, including fewer than expected deliveries and a shrinking automotive revenue, as the company reported a net loss of over $540 million despite generating gross profit in recent quarters.
Rivian's latest delivery forecast suggests it will fall short of previous estimates, attributing the decline to economic uncertainties compounded by new tariffs and regulations.
The company cautioned investors that potential changes to EV incentives could further threaten vehicle demand, marking a critical moment for its growth trajectory.
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