Rivian Cuts EV Delivery Forecast Amidst Trump Tariffs
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Rivian lowered its 2025 EV delivery forecast to 40,000-46,000 vehicles, citing President Trump's tariffs and regulatory changes. This follows similar announcements from Ford and GM. The revised forecast represents a reduction from the previous estimate of 46,000-51,000. Despite the lower delivery expectations, Rivian reported a second consecutive quarter of gross profit, reaching $206 million in Q1 2025, though it still incurred a net loss of $541 million. Increased capital expenditure is also anticipated due to tariff impacts.
Rivian lowered its 2025 EV delivery forecast to 40,000-46,000 vehicles, citing President Trump's tariffs and regulatory changes. This follows similar announcements from Ford and GM. The revised forecast represents a reduction from the previous estimate of 46,000-51,000. Despite the lower delivery expectations, Rivian reported a second consecutive quarter of gross profit, reaching $206 million in Q1 2025, though it still incurred a net loss of $541 million. Increased capital expenditure is also anticipated due to tariff impacts.
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