US EditionTesla's EV rival Rivian warns Trump's trade war means it will sell fewer of its American-made cars than expected
- Rivian Automotive Inc. Reported first-quarter 2025 financial results and revised its full-year delivery forecast downward due to trade tensions in the U.S.
- The company attributed higher vehicle prices and reduced demand to the 25% tariffs imposed during the Trump administration and ongoing changes in international trade policies.
- Rivian produced 14,611 vehicles and delivered 8,640 units in Q1 but expects 40,000 to 46,000 deliveries for 2025, down from an earlier target of 46,000 to 51,000.
- The company generated $1.24 billion in revenue, reflecting a 3% year-over-year growth, and recorded gross profit for the second quarter in a row, totaling $206 million.
- Rivian’s results and supply chain strategy suggest it may sustain modest profitability in 2025 despite tariff-related cost pressures and reduced delivery expectations.
14 Articles
14 Articles
Volkswagen invested $6,000 million in Rivian to grow in the United States.
Rivian announced that it will produce between less than 10% and 20% of vehicles this year. Commercial discounts affect particularly smaller companies. So, what was worth to Volkswagen has invested in this...
Tesla's EV rival Rivian warns Trump's trade war means it will sell fewer of its American-made cars than expected
Rivian will only deliver between 40,000 to 46,000 EVs after 51,600 last year, revising its earlier guidance. Capex spending will also be $200 million more.
Rivian CEO RJ Scaringe Says Donald Trump's Tariffs Could Increase Costs By 'A Couple Of Thousand,' Slashes Delivery Projections - Rivian Automotive (NASDAQ:RIVN)
Rivian Automotive Inc. (NASDAQ:RIVN) CEO and Founder RJ Scaringe warned of potential negative impacts of U.S. President Donald Trump's 25% auto tariffs as company shares fell 1.4% following the earnings call. What Happened: "Customers are hesitant to make large-dollar purchases, and they’re more price sensitive than they historically have been," Scaringe told Reuters on Wednesday. He also expects the tariffs to raise the cost per vehicle by "a c…
Rivian reports successful Q1, reduces its 2025 delivery target due to tariff pressures - CEO North America
Today, Rivian Automotive, Inc. reported a higher-than-expected Q1 revenue of $206 million and announced that it has unlocked an anticipated $1 billion investment from Volkswagen Group, which is expected to be funded on June 30, 2025. RJ Scaringe, Rivian Founder and CEO told investors, “This quarter we hit our second consecutive gross profit and our highest gross profit to date at $206 million. We have continued to make significant progress on R2…
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
