Rivian Automotive lowered its 2025 delivery target to 40,000-46,000 vehicles and increased capital expenditure guidance to $1.8-$1.9 billion, citing global economic uncertainty and trade impacts. Despite this, the company maintained its expectation of achieving a modest positive gross profit for the year. Q1 results exceeded expectations, reporting a loss of 41 cents per share (vs. expected 76 cents) and revenue of $1.24 billion (vs. expected $1.01 billion). Rivian ended Q1 with $8.5 billion in liquidity.

Prepared by Christopher Adams and reviewed by editorial team.