- Review warned It will only provide between 40,000 to 46,000 cars in 2025, after submitting 51600 last year, reviewing their previous guidelines. CAPEX spending will also be more than $ 200 million than expected. But the second quarter in a row of the total profits helped by the sale of carbon dioxide credits opens a decisive investment of one billion dollars by its German partner Volkswagen.
On Tuesday, the American auto manufacturer Rivian warned of its electric cars at least ten from the tenth of this year, blameing the World Trade War of the President for reducing its guidelines.
the Timing His rival does not expect to ship between 40 to 46,000 volts this year instead of 46,000 to 51,000 Late FebruaryBefore the Trump administration begins to impose comprehensive definitions.last yearRivian delivered approximately 51,600 cars after more than 50,000 cars in 2023.
The annual spending will also be more than $ 200 million than expected at the beginning, as capital expenditures weight is $ 1.8-1.9 billion dollars, as definitions increase the cost of purchase of new equipment.
“We are not immune to the effects of the global trade and economic situation that we expect to affect the costs of materials, material availability, capital expenditures, and the background of demand,” said the CEO of RJ Scaring to investors during the first -quarter profit call.
Moreover, Scaringe was explicit about its inability to benefit from Tesla Al -Nizafi customers, as vehicle shipments at Elon Musk fell 13 % inThe first quarter. April data from Europe offer Sales sizes decrease Amid an old assortment, Slow appetite For a higher version available of the Y Updated model and the exciting policy of the CEO.
It is not possible to benefit from changing Tesla to the latest Y.
Unfortunately for Rivian, it is not only sold outside North America, but only has R1T and R1S offered. Pickup and Sibling Suv, respectively, are placed at a price point above $ 75,000 in a sophisticated sector for the most luxurious vehicles.
The part in which Tesla is more likely to be at risk now is the smaller Yi -sized model that represents two out of three cars that the brand sells all over the world.
Rivian was unable to start competition directly with the best sales of Tesla, as the next R2 started at a similar label worth $ 45,000.
“I was not excited to launch the R2. Last week I was driving a preliminary model of the R2 and the incredible car.”
Even after their arrival, sizes will be restricted, according to Finance President Claire McDono. She said that the Rivian factory in the normal, Illinois, will manage its R2 assembly line in one seizure of the wholesale of the year instead of a more shift process to ensure the continuation of production smoothly.
The total separation profit opens the Volkswagen investment of one billion dollars
Until then, the Rivian works are mainly in a form of a recession.
“So when it comes to a comparison between size-selling more units-in exchange for driving towards increased profitability, we will mistake (the latter)”, “He saidCNBC, “realize that an important size step for us comes with R2.”
Rivian’s quarterly quarterly loss narrowed to 48 cents per share, which is a successive improvement in both more than 70 cents lost in the fourth quarter in addition to the $ 1.48 loss in the previous year.
More importantly, Scaring has generated $ 206 million from selling rural vehicles more than the cost of manufacturing, which represents the best result until a three -month period.
Best of that, achieve Two consecutive quarter of the total profit It releases a milestone investment by Volkswagen From one billion dollars, the administration expects the cash to be valid at the end of June.
However, Rivian resorted to some keepers about CO2 organizational credits to cancel the important stock injection from its German partner.
The profits of the good timing that were booked from selling the regulatory carbon dioxide balances
The credits that are sold to old car manufacturers are looking to be compatible with carbon dioxide is an important contributor to profits for all EV companies, including Tesla. It is worth noting the timing, however.
Last year, all credits of $ 325 million were transferred last year, with $ 299 million in the fourth and final quarter. This time Rivian chose to register $ 157 million in credit sales immediately in the first quarter, and indeed – in maintaining the total alive profit chain for a long time enough to invest VW.
“The administration referred to about 300 million dollars of credit revenues this year, but we got it more likely at the end of the year.” “The former credit, the total margin of cars was 8 %.”
Without income acquired from the sale of organizational credits, Rivian was not in black even on the basis of total profit over the past six months. It is not at all, this line can also be kept.
This is because Rivian directs only a “modest” profit for 2025, indicating a lot of the remaining period of the year in which the company can return to red.
This story was originally shown on Fortune.com
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