Rivian has declared in his report on profits on Tuesday that he will probably deliver less vehicles this year compared to the previously expected due to the rates of President Trump and other regulatory changes, making him the last motorist affected by the chaotic economic policies of the new administration.
The company said Tuesday who plans to deliver between 40,000 and 46,000 electric vehicles by the end of 2025. This is despite Rivian said a month ago that he was still holding his estimate to deliver from 46,000 to 51,000 vehicles this year. Rivian has increased his guide on capital expenditure between $ 1.8 billion and $ 1.9 billion due to the impact provided for by the rates. The previous Capex guide of the company was between $ 1.6 and $ 1.7 billion, according to his letter from the shareholders of 2024.
The announcement of the Rivian profits comes days after both Ford and General Motors have pulled their guide for the year, citing the economic uncertainty relating to the Trump rates. Ford has declared to predict that the rates add $ 2.5 billion all 2025, while GM has told investors that the impact is expected to be around $ 5 billion.
Rivian warned investors in February that “changes in government policies and regulations and a demanding demand environment” could threaten the demand for its vehicles. Things could become more demanding only if the Trump administration, the congress or both decided to kill the federal tax credit of $ 7,500 for electric vehicles.
Providing less than 46,000 electric vehicles would be a step back to the electric car manufacturer, since the company was already monitoring for its third consecutive year without a volume growth before cutting the guide. Rivian delivered 51,579 vehicles in 2024 and 50.122 in 2023. The most convenient R2 of the company, which is expected to provide in greater numbers, will not reach until 2026.
The company declared Tuesday that it was able to generate $ 206 million gross profits in the first quarter of 2025 on 8,640 deliveries. It was the second consecutive quarter that the company was able to generate gross profits. This gross profit of the first quarter was particularly important because it met a contractual milestone that unlocked about $ 1 billion in funding from Volkswagen Group as part of a joint venture with the German car manufacturer.
While gross profit can have a nice appearance in the budget, net profit offers a more realistic view of costs. The company recorded a loss of net income of $ 541 million in the quarter, a considerable improvement compared to $ 1.4 billion losses in the same year as a year.
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The car revenues were reduced to $ 922 million from $ 1.12 billion in the first quarter of 2024, although total revenues increased slightly year on year thanks to a push from the sales of the company’s software and services.
Total revenues of software and services for the first quarter of 2025 were $ 318 million, almost a quadruple increase compared to 88 million dollars in the same period last year. Rivian has accredited the increase in his new electric architecture and software development services, increased remarketing sales and an increase in repair and maintenance services.
This entry was published for the first time at 16:06 et. Since then it has been updated with the information of the call of Rivian’s profits.
