Rivian told its profits on Tuesday that it would probably deliver fewer vehicles this year than previously foreseen due to President Trump’s invoices and other regulatory changes, making the last car industry be influenced by chaotic economic policies.
The company said on Tuesday that it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. This is despite Rivian a month ago that she was still estimating 46,000 to 51,000 vehicles throughout the year. Rivian increased capital expenditure guidance to $ 1.8 billion and $ 1.9 billion due to the expected impact of invoices. The company’s previous guidance was between $ 1.6 billion in $ 1.7 billion, According to the letter of shareholders of 2024.
The announcement of Rivian’s profits comes days after Ford and General Motors to pull their guidance for the year, citing the financial uncertainty associated with Trump’s tariffs. Ford said it expects invoices to add costs of $ 2.5 billion in 2025, while GM told investors that it expects the impact to be about $ 5 billion.
Rivian warned investors in February that “changes in government policies and regulations and a difficult demand for demand” could threaten demand for its vehicles. Things could only get more difficult if Trump’s administration, Congress, or both Decide to kill The Federal Tax Credit of $ 7,500 for HS.
The delivery of less than 46,000 EVs would be one step back for the electric automotive industry, as the company already watched for the third consecutive year without increasing the volume before the guidance cut. Rivian delivered 51,579 vehicles in 2024 and 50,122 in 2023.
The company said on Tuesday that it was able to produce $ 206 million in the first quarter of 2025 in 8,640 deliveries. It was the second straight quarter that the company was able to produce gross profit. This first quarter gain was particularly important because it met a conventional landmark that unlocks about $ 1 billion in funding from Volkswagen Group as part of a consortium with the German automaker.
While gross profit may seem good in the balance sheet, net income provides a more realistic cost of cost. The company reported net loss of income of $ 541 million in the quarter, a significant improvement in $ 1.4 billion losses at the same time.
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Revenue from the automotive industry declined to $ 922 million from $ 1.12 billion in the first quarter of 2024, although total revenue increased slightly on a yearly basis thanks to a boost from the sales of the company’s software and services. Rivian brought $ 318 million from software and services in the first quarter,
The total software and services revenue for the first quarter of 2025 was $ 318 million almost four times the increase of $ 88 million in the same period last year. Rivian believed the increase in the services of the new vehicle’s electrical architecture and software development, increased sales of re -labor and the increase in repair and maintenance services.
This article was first published at 4:06 pm Et. Has been updated since then with information from calling Rivian’s profits.
