Rivian reported mixed Q2 earnings, leading to a 5% drop in stock price. The company anticipates challenges due to shifting EV policies in the US, including increased tariffs. The CFO highlighted an expected rise in production costs for 2025 and an adjustment in EBITDA loss projections from $1.7-$1.9 billion to $2-$2.5 billion. The decrease in expected sales from regulatory credits was noted, with total sales now expected around $160 million, half of the prior outlook.
Rivian expects headwinds due to evolving US EV policies, with increased tariffs impacting production costs by a few thousand dollars per unit in 2025.
The anticipated EBITDA losses for Rivian are now projected to be between $2 billion and $2.5 billion for fiscal year 2025.
Collection
[
|
...
]