Rivian profits: EV Maker cuts delivery instructions due to Trump’s tariff and commercial wars

Reminy said in its profit report on Tuesday that it would likely provide fewer vehicles this year, which was previously expected due to President Trump’s tariff and other organizational changes, making it the latest auto industry company affected by the chaotic economic policies of the new administration.

The company said on Tuesday that it expects to provide between 40,000 and 46,000 EVS by the end of 2025. This is despite the rural saying One month ago She was still being held for her estimate to provide 46,000 to 51,000 cars this year. Rivian has raised capital expenses to between $ 1.8 billion and $ 1.9 billion due to the expected impact of customs duties. The company’s previous directives of the company range from $ 1.6 billion to $ 1.7 billion, According to the shareholders ’message for 2024.

The advertisement of Rivian’s profits comes days after the withdrawal of both Ford and General Motors withdrew their guidelines for this year, pointing to economic uncertainty regarding Trump’s definitions. Ford said it expected the customs tariff to add $ 2.5 billion of costs over 2025, while General Motors told investors that it expects the impact to be about $ 5 billion.

Rivian Investors warned in February that “changes in government policies and regulations, and the difficult demand environment” can threaten the demand for their vehicles. Things can become more difficult if the Trump administration, Congress or both are Decide the killing Federal tax credit of $ 7500 for EVS.

The presentation of less than 46000 EVS will be a step back to the electric car manufacturer, as the company was already tracking in its third year in a row without growing in size before the direction is reduced. Rivian delivered 51,579 vehicles in 2024 and 50,122 in 2023. R2 SUV will not come at reasonable prices, which are expected to be presented in larger numbers, until 2026.

The company said on Tuesday that it managed to achieve $ 206 million of total profits in the first quarter of 2025, 8,640 delivery. This was the second consecutive quarter that the company managed to make a total profit. This total profit in the first quarter was especially important because it achieved a contractual milestone that opened about one billion dollars in financing the Volkswagen Group as part of a joint venture with the German auto industry.

Although the total profit may seem good in the public budget, net income provides a more realistic vision of the costs. The company told a net income loss of $ 541 million in the quarter, which is a significant improvement in losses of $ 1.4 billion in the same period last year.

Car revenue has shrunk to $ 922 million from $ 1.12 billion in the first quarter of 2024, although total revenue increased a little annually thanks to a batch of software sales and services to the company. Rivian brought $ 318 million in software and services in the first quarter,

The total software and services revenues for the first quarter of 2025 amounted to approximately 318 million dollars, an increase of four times more than 88 million dollars in the same period last year. Thanks to Rivian, the increase in the field of new electrical architecture, software development services, increased marketing activity renewal sales, and an increase in repair and maintenance services.

This article was published for the first time at 4:06 pm East time. It has been updated since then with information from Rivian’s profit call.