US EditionEV maker Rivian cuts 2025 production target on tariff turmoil
- On June 21, 2024, Rivian lowered its 2025 vehicle delivery forecast to 40,000-46,000 units from 46,000-51,000 at its Illinois factory in Normal.
- The revision reflects rising production costs and uncertainty from evolving trade regulations, tariffs, and their possible effects on consumer demand.
- Rivian raised its 2025 capital expenditure guidance to $1.8-$1.9 billion, expects tariffs to add about $2,000 per vehicle, and reconfirmed plans for positive gross profit this year.
- CEO R.J. Scaringe acknowledged on an investor call that the company faces challenges related to worldwide trade and economic conditions, which could affect costs, supply availability, capital spending, and consumer demand.
- Despite challenges, Rivian plans to complete its Georgia factory, create 7,500 jobs, maintain a $45,000 R2 SUV starting price, and advance profitability goals for 2025.
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26 Articles
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Tesla (NASDAQ: TSLA) made early investors rich -- but is Rivian (NASDAQ: RIVN) the next big electric vehicle (EV) winner? With Tesla sinking and political headwinds mounting, some analysts say Rivian's Amazon and Volkswagen deals could fuel a massive comeback.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Don't miss this head-to-head showdown as I break dow…
Rivian Is Too Small to Survive
When Rivian Automotive Inc. (NASDAQ: RIVN) announced its first-quarter earnings, Wall Street did not care. The stock barely moved on the news. The shares have collapsed 90% over the past five years, while the S&P 500 has gained 10%. The earnings numbers showed a tiny improvement year over year. However, the trouble Rivian faces is tremendous. It only delivered 8,640 vehicles in the first quarter. Tesla delivered that number of cars every two wee…
Rivian Holds Firm On $45K Price For Upcoming R2 Despite Tariff Pressures: CEO RJ Scaringe Says It's 'Important For Us' As EV Maker Tops Q1 Estimates
Rivian Automotive Inc. (NASDAQ:RIVN) remains committed to its $45,000 starting price for the upcoming R2 electric vehicle despite mounting concerns over global trade tensions and tariffs, CEO RJ Scaringe confirmed during the company’s first-quarter of 2025 earnings call. What Happened: “We’re not planning changes in our $45,000 starting price. This is important for us,” Scaringe said, addressing investor concerns about the impact of recent tarif…
Rivian makes all its EVs in the U.S., but it still isn’t immune to Trump’s tariffs
Rivian Automotive Inc. is the latest U.S. car maker to change course amid concerns about tariffs. Article Attribution | Read More at Article Source The post Rivian makes all its EVs in the U.S., but it still isn’t immune to Trump’s tariffs appeared first on RocketNews.
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