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Rivian said in its net profit report card Tuesday it will likely deliver few vehicles this twelvemonth than antecedently forecasted due to President Trump ’s tariffs and other regulatory changes , realize it the belated automaker to be affected by the newfangled government activity ’s chaotic economic policy .
The ship’s company said Tuesday it expects to deliver between 40,000 and 46,000 electron volt by the end of 2025 . That ’s despite Rivian sayingone calendar month agothat it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year . Rivian raised its Das Kapital spending counsel to between $ 1.8 billion and $ 1.9 billion due to the expected impact from tariffs . The fellowship ’s previous capex guidance was between $ 1.6 billion to $ 1.7 billion , fit in to its 2024 shareholder letter of the alphabet .
Rivian ’s profits announcement add up days after both Ford and General Motors pulled their guidance for the yr , citing economic uncertainty related to Trump ’s duty . Ford said it expects the duty to add $ 2.5 billion in cost across 2025 , while GM narrate investors it have a bun in the oven the impact to be around $ 5 billion .
Rivian warned investor in February that “ change to administration policy and regulations , and a challenging demand environs ” could threaten need for its vehicles . Things could only get more ambitious if the Trump administration , Congress , or bothdecide to killthe $ 7,500 federal tax credit for eV .
drive home fewer than 46,000 eV would be a step back for the electric automaker , as the companionship was already tracking for its third straight year with no mass development before the guidance cut . Rivian delivered 51,579 vehicle in 2024 and 50,122 in 2023 . The society ’s more affordable R2 SUV , which it ask to deliver in greater numbers , wo n’t come until 2026 .
The troupe said Tuesday that it was capable to get $ 206 million of gross profit in the first twenty-five percent of 2025 on 8,640 legal transfer . It was the second straight quarter the troupe was capable to generate utter profit . This first - quarter everlasting profit was particularly important because it fill a contractual milepost that unlock about $ 1 billion in financing from Volkswagen Group as part of a joint venture with the German automaker .
While gross earnings may search good on the balance sheet , nett income provides a more naturalistic opinion of costs . The company report a net income loss of $ 541 million in the quarter , a considerable improvement from the $ 1.4 billion in losings in the same class - agone point .
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self-propelled gross shrink to $ 922 million from $ 1.12 billion in the first one-fourth of 2024 , although entire revenues were up somewhat year - over - year thanks to a boost from sales of the company ’s software and services .
Total software and divine service revenue for the first fourth part of 2025 were $ 318 million , near a quadruplex growth from the $ 88 million in the same period last year . Rivian credited the increase to its new fomite electrical architecture and software development inspection and repair , increase remarketing sales , and an increase in repair and maintenance services .
This clause was first published at 4:06 p.m. ET . It has since been update with information from Rivian ’s profit call .
