Rivian Cuts Vehicle Delivery Forecast Due to Tariffs

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a day ago

Summary

Rivian adjusts delivery forecast due to tariffs and regulatory changes. The company expects to deliver between 40,000 and 46,000 EVs in 2025, down from previous forecast. Rivian also raised its capital expenditure guidance due to the expected impact of tariffs.

Key Points

Rivian's adjusted delivery forecast is a result of President Trump's tariffs and regulatory changes
The company now expects to deliver between 40,000 and 46,000 EVs in 2025, down from previous forecast of 46,000 to 51,000
Rivian raised its capital expenditure guidance to between $1.8 billion and $1.9 billion due to the expected impact of tariffs

Why It Matters

The adjusted delivery forecast highlights the challenges faced by Rivian and other automakers due to the Trump administration's economic policies, which could have a significant impact on the electric vehicle market.

Author

Sean O'Kane

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